There is only five holes drilled and the drilling results are consistent with MRP's understanding of the geological model and mineralisation.
Boorara is definitely larger than stated resource of ~ 300k oz, but the market wasn't excited with this gold resource base.
Obviously we need further drilling to prove up the resource - so there is still some uncertainty on the potential of the resource so buying momentum seems to have dried up at the moment. They are drilling at 200m per day and I am expecting further drilling results in a couple weeks time and further positive news.
MRP Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
