I am not suprised that the JV resource has increased and I don't think this will be the last upgrade. The least explored of the 4 locations--Round Hill--maybe the best of all---grade looks super---more to come later in the year MOY has more than enough reserves at the moment , so don't expect SP to move in the current negative time
The recent increase in SP of JV partner I am guessing was prompted by these results--a bit leaky maybe ?
The new sub s/h IMC is a very impressive outfit---they are the largest s/h in Atlas ( a $2b company ) unlike Matthews they really are substantial
What we need now is an announcement that production can be increased on the plant under construction. This will boost SP IMO still looking good in a negative market
MOY Price at posting:
41.8¢ Sentiment: Buy Disclosure: Held
