While we wait for upcoming asx releases re winder and drilling etc, I've been pondering future stope developement past maxwells. The point being where is the next 100,000 t of ~20g/t ore coming from.
My theory is shown below, its been mentioned recently that development toward Kennys is underway, if you look logically at the pic, to me its obivous that Kennys is likely an extension of whitelaws, whitelaws production grade wat 22-67g/t (refer 2008 JORC).
It all depends what tonnage is there and the orientation and width of the reef to enhance stope recovery.
However with an oz of luck (pun intended) the crews should be hooking into this area over the next 2-3 months either after or in parallel to maxwells.
With the excellent recruitment of a new CEO who looks to be site based for a good period of time we have every chance of giving it a good nudge.
MCO Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
