re: Ann: Co-O Drilling Continues High Grade R... Some of these grades are stunning - if this was a junior explorer the price would be flying! Think these results will take a while to be digested by the market but gives confidence to the longevity of the Co-O mine and increased production of 200k oz pa + from 2013 onwards. Imo Co-O will ultimately produce 5m oz +. With production set to increase to 400k oz pa by 2015 and Medusa's low cash costs there is plenty of upside on a 3-4 year view. This is a serious cash cow. I think the drilling results from Bananghilig due over the next few months will lead to a re-rating of the share price. The market will like news on a second mine that's open pit - especially if MML can prove up 1m oz +. Then we have the other regional prospects....
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