confidence in morning star gold, page-86

Agree SPP is probably what NG will do. They can allow each holder to buy $15,000 under SPP. Also do a placement to large shareholders.

MCO has approximately 284 mil shares. If they issue another 284 mil shares at 5cps, that gives MCO $14 million. They are spending a litle over $2 million per quarter. To me it would be stupid to only raise $5-6 million and then have to raise more money in 6-9 months time.

I think they will struggle to place the shares for more than 6 cps, given the number they need to issue. Even if they could place them at 8 cps, they would need issue something like another 140 mil, to raise $11 million.

JV's for non core tenements make a lot of sense.

I don't think the price of gold is relevant- the issue is to produce gold at a reasonable cost. Whether POG is $1500 or $1700 will not make a huge difference. They must produce more than just a few onces.