Yes MCT is not DEG but DEG has a market cap of $1.72 BillionMCT has a mc of just $50m so with a 50% ownership the value of resource is just $100mHave a look at the Liepold Project in the ann of the 25th JuneNow tell me that is not more than 100K oz au and perhaps 200K oz au.All gold oxide no metallurgic. issues, high recovery (97%) low AISC ($700 oz/au?)Price of gold more than AU 2,500 and heading a lot higher.Profit on 100K oz au = $180mDouble or triple that given the open extensions to the resource.MCT is very likely to have half a $300m resource 3 times its mc.Ignore the ASX share price games and hold for the resource estimate and TO.Yes as soon as a JORC is announced the big boys will move on it.
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