Ann: Boorara Gold Resource up 118% to 507,000 Ounces, page-10

I am in the same line of thought.. after 18 months of drilling and after spending $10m+ on drilling... the MRE results that MRP is able to achieve is 500Koz resource. I think that roughly works out to be $20/t finding costs... I wonder if anyone knows what the benchmark gold finding costs is.

I think I was fooled by MRP announcements i.e. highlighting the good hole results. But the end of the day the MRE is based on a distribution of drilling results. And what the distribution tell us that there were a lot of sub-economic drilling results in the mix of good ones.

We have 4 deep hole results planned.. if the results do not improve, I think MRP should stop drawing comparisons with Mt Charlotte.