5 b lbs cu - 176 m ilbs mo - 3.3

Hi folks,

Hope you've been enjoying the run.

The second hole in the deep drilling campaign was a success.

I think it's important to not underestimate the significance of these game changing results. Let's be under no illusion - the Yandera resource will substantially increase. (Refer to deep drilling thread: deep drilling and deep drilling 2).

MGO appears to have gained support in the low twenty cent region. This has been tested a few times. The 10 day chart suggests it may be set to test the high twenties in the coming days.

Growing global awareness of the Yandera deposit is having a positive impact on demand for MGO shares.


The 2008 JORC compliant resources for Yandera are:

4.9 billion pounds of copper

176 million pounds of molybdenum

3.3 million ounces of gold

56 million ounces of silver

2.9 millions ounces of rhenium


What will the 2010 JORC compliant resources be for Yandera, after 2 years and thousands of metres of infill drilling and deposit extensions?


Time will tell folks.