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MKR - MANUKA RESOURCES LTD.


nipper
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Yeah, was a bit late in getting that 51 cent high.

Been reading the quarterly results.

Lots things to like about this company.

They produced 3600 oz in barely two months for a 9 mill return.

The annual production could well be in excess of 200k per year, especially if they ramp up the efficiency of the newly installed plant that is running at a below par 75% efficiency.

With total borrowings of 24mill USD, should easily cover the debt in the short term.

Unhedged, both in gold sales and in their USD borrowings.

The two will offset each other.

More drilling an exploration in place.

Decided to hang in for a little longer.

Mick

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