Mako Mining Corp V.MKO

Production

[Epic2022]

Not a huge deal that production was down. The gold is still there. Market loves to overreact.
Just starting to get out MOJO now. 
Patience I have.

where's NOVA???
method

[barrywhit]

Epic, Not a huge deal production was down. Unfortunately with £3.2million net loss, only $1.7 of loans repaid and the Wexford loan extended another year and AISC of $1121 not a lot to attract NEW investors either especially with a weakening Gold price...

[AkibaLeisman]

The 3.2 million (dollar) loss was after 2.7m of exploration (which we don't capitalize) and over 6m of depletion and depreciation of the mineral property and plant.  D&D is very real, but it is based on our 2020 open pit mine model which only goes out for a very short period of time.  Mineral property is down to around 6m on the basis of this.  So when the model adjusts to

[barrywhit]

Thanks for your reply Akiba, i as a LTH understand all of your points but new investors will look first at the Financial Highlights listed and in my opinion (and Akiba we are all entitled to an opinion even if it is different to yours) the Q2 figures will not attract new investors and we need new investors to pick up all the selling which has been clearly evident over the last 12 months. That was

[AkibaLeisman]

I think by definition, in order to be an investor you need to have people with different opinions than yours! but I do believe exploration (and converting that into new production centers) is what will drive the company and eventually the stock.