mcos 910000 ounces gold jorc resource, page-6

The wider market is asleep when it comes to MCO anyway.

MCO should at least be on watchlists.

The next key upcoming announcement will be the first gold pour from trial mining and toll treating - cash costs could prove to be as low as $200/oz from even this small scale operation using someone else's plant - no expensive acids or cyanides are used to leach the gold, just very low cost gravity separation - this is high grade , free milling gold.

Also the applicable grade factor will be indicated from the trial mining - which will in turn indicate what the 910,000 oz interim resource is likely to produce.

historically if you read MCO's announcement it could range anywhere from 2-10x (this is due to the nuggety gold effect , as a lot of the nuggety gold, maybe most, is missed during drilling and sampling, not picked up in the drill core).. so the interim resource of 910,000 oz at morningstar is likely to produce at least 1.82 mill oz plus - if we want to be conservative .. using the lower factor.

this is just the morningstar mine - there's another 5 historical mines to explore.

the potential is clear...and cash costs could be under $200/oz !

MCO could prove to be as profitable with gold at $750/oz as low cost producers are at the current $900/oz.

MCO is in a town centre and hooked up to an electricity grid - not in a remote location and dependent on generating its own power using expensive diesel fuel.