MCO 0.00% 11.0¢ morning star gold n.l.

Ann: Drilling Update - Morning Star Goldmine , page-5

  1. 247 Posts.
    Still don't think they will need a capital raising. Certainly not at the behest of Nick, the Russians and Chinese who all topped up with MCO shares in the 46 to 50 cent bracket.

    Besides the Chinese to put more in, and there is a certain amount of gold already accumulated, and on a rising market, not a skerrick of which has been sold to date.

    I am told just one day alone, at the original start up of the mill (way back early in setting up of the mill) there proved to be $56,000 worth of product on the Wifley table.

    Sure there have been delays, due to non correlation of the assays which when we visited was on the cusp of being sorted out appropriately in time for the new mill operator Damien Riley, who lives and breathes the new mill to start.

    Why process it when the assays were proving 200 and 300pc short of the real product.I am told by his peers that with all necessary in formation at hand, Damien will have the mill humming and processing perfectly attuned to new a newly refined formula (dictated by close scrutiny of better than hoped for assays).

    Meantime there was so point running the ore through twice, and losing this previously unforseen advantage, or even retrieving it from where it will be returned, packed as slurry back deep back nto the mine (some blended) with concrete from a new cement hopper.

    Arriving too, is the new metallurgist (for the new metallurgy room - see prior pictures of empty awating him) to help find the most cost effective stopes to process and mix and to help the refining even further.

    For all at MCO, its just about (finally) get up and Go Go Go time, meanwhile they are behllden to the tests of others, lets hope its tomorrow.



 
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