re: Ann: Further High Grade Copper-Moly-Gold ...
'These results would not be included in the report because they are irrelevant.'
Did you miss the following on the latest release?
'The following data will be included in the mine planning, being undertaken as part of Marengo Mining's Feasibility Study, which is nearing completion.'
and when you say
'The average grade over the initial life would be lower than these drills anyway so the higher grade would merely extend the life and reduce the mining costs rather than increase the head grade.'
What about in the latest presentation where Les himself says
'New intersections fall within current resource but are significantly higher grade and not included in recent resource update Confirms prospectivity of high-grade “starter” zones'
I think these results WILL be included in the DFS and I think they are very relevant to increasing early development profit, not just extending the mine life.
MGO Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held