RE:Downward TrendMost juniors don't have the intention of becoming minors, it is not their forte. They develop the projects and then attempt to sell to the highest bidder.
We know that Rompas Rajapalot is a multi-million ounce, high grade project. Gold projects become really interesting north of 3 million ounces, anything below that is relatively small. MAW's next goal is to double the resource size to 2 million and that gets us closer to that 3 million ounce threshold.
It will be interesting to see what happens with the Southern Cross gold shares. They are now locked up for two years whilst SCG finds their sealegs so to speak in the market and gets established. Will the MAW BoD decide to distribute the shares to shareholders or utilize it as currency to fund development of the Finland flagship project? Either way, it bodes well for shareholders.
I liken MAW to a baby Sabina, it is a long and methodical climb, but the value will be slowly unlocked as the years pass by. I've always been impressed with MAW management, so I am not worried about my investment. As gold prices continue to rise, so will the intrinsic value of MAW.