Wouldnt be surprised if they bought an existing JORC deposit nearby to complement their operations for speed to market. Theres quite a few around and in close proximity.
Drill to increase LOM. I note they have 4 rigs now working round the clock.
MOY has lots of options now.
I'm quitely confident that this price range is the consolidation base ~13c. I see minimal downside risk based on the solid fundamentals of MOY (Not withstanding PoG)
Accumulation phase
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- Ann: Exploration Update - April 2016-MOY.AX
Ann: Exploration Update - April 2016-MOY.AX, page-40
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