There Mineral resource numbers came out this week. The market was unsure what to make of them but we see this as a real positive step by the 'new' management team to rectify some of the misstatements of the previous management team. Leisman and the Board are to be commended. They intend to pour the first gold in early Q1/21. The resource is currently small and they are chasing high-grade veins which can be expensive, but they intend to give guidance on costs as they continue to build out their exploration programme. At a projected 40,000oz, Mako's market cap of C$185M is up there and they will need to backfill that with production and increased resource. But we are impressed with the new approach to reporting and now it is up to them to get the mill running at capacity. That will take some time but they know what they are doing, so it will come down to what they find underground.

Company page: https://makominingcorp.com/

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