wbddrss ...... if there is a pimply-nosed seller who is dogging the sp atm, then i would guess it is very much a short term situation. when he is out he is out. then the sp will go north - according to the predictions of some research papers on MCO. especially if those Yankee investors who read The Emerging Trends Report will only jump on-board after MCO proves its worthiness - with continuous goldpours with bonanza grades thrown into the mix : al la Maxwells Reef @ 55g/t Au.
that RCR report up on the MCO website cuts to the chase in saying :
"Mining grades from Maxwell Reef are well in excess of the Morning Star resource a possible 55g/t Au head grade from the first stope at Maxwell Reef would be a good start to production proper. Gearing up to a 30-50ktpa operation in 2H10 should see gold output in the range 15-25kozpa, or higher. Opex should be ~A$600/oz giving solid margins. We repeat our assertion of 1Q10, which is, if MCO can continue to achieve predicted grades and start milling on schedule, a share price re-rating is expected. Regional holdings have potential to provide a 3-4moz resource base".
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rcr report out, page-26
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