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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

Comment by AkibaLeismanon Mar 26, 2022 10:49am
147 Views
Post# 34548091

RE:RE:RE:RE:RE:Ka Boom Baby!!! Gold everywhere on this property!!!

RE:RE:RE:RE:RE:Ka Boom Baby!!! Gold everywhere on this property!!!

My only suggestion to share price disappointment is to have a frame of valuation in your mind that is based on the assets; not what the stock is trading at any particular day. 

I've mentioned this on this board before, but in 2019 nobody was valuing anything.  In 2020 people were fully valuing San Albino and a bit of stage 2 (1000 tonnes a day) without proving either.  

Now we're valuing San Albino (rightfully so, as it's derisked) and very little of stage 2 and none of stage 3 (proving that this is an orogenic camp), which I think is by far the most valuable part of the company. 

That being said, while the data is adding to the body of evidence on stage 3 (like our last press release) it isn't proven yet.  So if the market doesn't want to give value now, that's ok.  It just means more shares can be purchased at below fair value for longer.

My issue with the share price is that information (good or bad) doesn't get imputed into the stock because we still have overhang from sellers, so people tend to invent stories about data to reflect what happened with the shares, instead of the reverse.  It's an illiquid name, and that does happen.  But from a valuation perspective this will take care of itself over time. 

Now we're up 4x since the 5 year plan was instituted 2.5 years ago (prior to that is an irrelevancy as the company was quite literally worthless from the time of the 2014 streaming transaction to the restructuring of the stream and management changes).  And I've always thought this was a 10x (20x in a lucky situation) based on the path of financing I expected the comapny to take in 2019 and 2020.  

There's a long way to go to 10-20x from 4x, but I've always been pretty sanguine about valuation.  

 

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