Methodical delivery of MRQ results by Management, page-10

Some posters in particular keep referring to Koko Massava having some "very, very high grades" , by virtue I guess that deeper high grade strands are higher than the very low grade background sands. Some individual holes and some individual strands within large resource deposits (which is what MRQ is aiming for to justify it's development down the track) always are higher grades, sometime spectacularly. It's important imo not to get carried away with a few good holes if it doesn't change the overall grade of a large mining resource. The mining grade life of mine ultimately dictates the operating margin and thus profitability, NPV, IRR, where it sits competitively on the industry revenue-cost curve etc.

Below are some of the higher grade holes released by BSE for the Tolliara deposit, which unlike MRQ has proven itself to be a world class deposit.



Now they are holes to get excited about...