Kirkland Lakes (KL) Macassa mine (one of the highest grade gold mines in the world) is walking distance to where Mistango is drilling. Just look at the location where they are drilling, Baldwin Mine where the same breaks extend from Macassa. So, I'd say a lot of people are expecting similar grades to Macassa.
If they do find Macassa like grades this stock will take off, big time. If they hit half the Macassa grades it will still take off, because the market cap is so low, and they will still be drilling more in the new year and will have a better idea where to drill based on the first drill program.
If they drill dusters (possible, but doubtful) on their first drill program it could drop to the low .20's, but I think it would recover when more results come out, from both the Kirkland West and Omega properties.
It's all speculation until the drill results come out. The CEO mentioned they should have results before the end of the year, so very soon, hopefully before Christmas :)
