capital raising, page-12

Opaline - I'm not suggesting MCO have the grades of the low grade, high tonnage miners. However, EVERY brown field gold mine have diminishing grade. It's a fact of life.

Can you tell me gold companies that are achieving equal or higher historial grades? They are well below past production grades.

If your looking for MCO to produce 2oz p/t, they will run out of quality ore in no time. They will mine ALL economic ore. Do you guys really think you will achieve 2oz p/t and 60,000 oz p/y?

The company is saying 12g/t. Ring them up with your figures and they will say, no we are estimating 12g/t.

Roberta"No 20." - My numbers are absurd?
Whats this "easily extract 150 t/d"? They haven't got the capacity and they aren't doing that. So why say that?
$910p/oz profit- that's funny.


Mal - All mines have diminishing grades. I think most companies mine "new" material. If you guys expect 26g/t, expect a low tonnage, small producer. Just stock pile that unwanted ore that's under 20g/t and I'll come pick it up later.