MRP 0.00% 6.1¢ macphersons resources limited

Ann: Boorara Drilling Update - 44 metres at 1.7 g/t Gold, page-5

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  1. 1,225 Posts.
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    Super Pit Mark 2 - I don't think so .The super pit is oblong in shape and is approximately 3.5 kilometres long, 1.5 kilometres wide and 570 metres deep. Which has produced over 100moz.

    I don't think we get there with the width. If we get anywhere near a Mt Charlotte, MRP will be a 10 times+ multi-bagger. But we need to prove up a depth of 1200m we are at 200m. That's alot of expensive drilling. And MRP has about ~2.5m cash.

    I am thinking the revised resource estimate will be around 500Koz .

    And has Gexi alluding to, MRP will need to get some cashflow by either developing open cut mine at the Southern Stockwork or underground mine at Crown Jewels. The different type gold vein mineralisation looks promising with higher grades that may lead to an underground mine at Crown Jewels being commercially viable.
    Last edited by ecker: 04/08/17
 
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