Ann: 2016 Diggers and Dealers Presentation-MOY.AX, page-35

If there is a stock to be cautious about, it is MOY. This has stumbled from one mess to another and in doing so, depleted most of their recoverable resources. The thing to be extremely cautious of is the grades in any of the new drill holes over ~75 - 100 m below surface. Most of this is refractory and the reason for the poor performance in the early days plus the reason Golden Eagle got a lot shallower.
All my opinion only - dyor