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Mako Mining Corp V.MKO

Alternate Symbol(s):  MAKOF

Mako Mining Corp. is a gold mining, development, and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua. It also owns the Eagle Mountain Gold Project in Guyana, South America. The Company’s primary asset is San Albino mine, an open pit mine located in Nicaragua. Its San Albino gold project is an open pit development project located in Nueva Segovia, Nicaragua, approximately 173 kilometers north of Managua and accessible through a paved highway. Its Las Conchitas area is located approximately 2.5 kilometers south of its high-grade San Albino Gold Deposit and is situated near the southern end of the Corona de Oro Gold Belt. The Eagle Mountain Project comprises two gold deposits, Eagle Mountain and Salbora, in addition to several other exploration targets. Its subsidiaries include Gold Belt, S.A., Nicoz Resources, S.A., and Mako US Corp.


TSXV:MKO - Post by User

Bullboard Posts
Post by james2001on May 06, 2020 11:11pm
337 Views
Post# 30996021

Mako

MakoWhen I tie together Akiba's tweets with today's webinar I feel fortunate to be a shareholder in this company.Although this is an odd share structure for a junior we are fortunate that we have a shareholder with a 56% stake because if we did not I believe we would have been consumed by a larger entity by now.This share structure allows this company to grow through to production and into a company that should have unbelievable positive cash flow to be returned to shareholder or turn Mako into a predator for growth.In 2010 companies were purchasing ounces in the ground at high prices.That would have been ok if those ounces could have been produced in a timely fashion.Instead many of those assets were sold off years later for pennies on the dollar.Akiba has been in this space for many years and understands  this industry better than most and should not make similar mistakes.Having said this I believe at the right price anything may be purchased.

Bullboard Posts