ten bagger list soon time to update, page-28

gonnfishing

I dont think the market understands the concept of pure free milling HIGH GRADE gold and the cost savings of a simple cheap separation plant (means less cap-ex and less depreciation - more profits).

MCO needs a plant that costs $20 mill to produce its free milling gold... so the depreciation will also be a lot less.

vs $100 or $200 mill plus for an expensive circuit that needs to deal with sulphide or oxide gold.

Also the running costs are very low - no acid or cyanide consumption.

low , low costs .. could mean more profits at 50,000 oz/annum than an expensive operation at 200,000 oz/annum.