MCO
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0.00% 11.0¢ morning star gold n.l.

new photos, page-15

  1. nk
    3,104 Posts.
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    20/03/13
    13:50
    Post #: 11563240
    interesting, 7 buckets concentrate in photo, say 30kg a bucket is 210kg

    lets say concentrate is 10% gold, thats 21kg @ $48,000 = $1million

    they were getting 13% gold concentrate grade for the test run in March 2011. Depends on how much they fraction it, but I think 10% is pretty conservative, see:

    http://msgold.com.au/images/stories/PDFs/2011/ASX/MCO_ASX_Release_11_Mar_2011.pdf

    what do you guys reckon?
    MCO Price at posting: 11.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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