NFC who will finance 70% of the construction costs, could also grab a slice of MGO as they just have with TZN http://asx.com.au/asxpdf/20110801/pdf/420487t1pg9thm.pdf
PNG Government interested in grabing a stake in MGO.
Serious appreciation of the share price will occur if any of these three occur. In the meantime 5 million new drilling exploration program has been initated in conjuction current infill drilling.
Technically I was watching support at 22 cents, slight resistance at 25 then 35. Doji today (indecision).
With instos interest and lack of DT's I think we will drift higher from here.
Potential for massive capital gain inside 12 months wont keep people sideline for ever.
IMO DYOR
Oscar
MGO Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
