drilling completed, page-27

'so seems like GC now has gold sheers of 14KM not 6KM,,,Our JORC so far is not based on about 10% of resource but 5% of resource( 600 meters drilled)so maybe we have a much larger resource at GC???'

good spot FS. GC looks more like a million ounce plus project than ever based on those numbers, and previous testing of the ground.

the 'QE to infinity' that is likely to be unleashed to hyper-inflate european and US sovereign debt back to historically manageable levels will result in gold @ $3000+ an ounce according to some pundits.

If this happens then MNM may need to separate its gold and coal holdings to properly unlock shareholder value in the gold plays. If the exergen JV takes off in H2 2012 then it is hard to see how MNM mgmt will have enough time to do justice to both resources.

if any one of our big coal projects proceeds in 12/13 then a sale or spin off of MNM's high quality gold holdings looks possible, the same way mgmt have looked to offload MNM's uranium and phosphate position in the last few years.

MNM has a literal 'embarrassment of riches' it seems.