Thanks O for the reality check, my calculations were really sloppy and I was hoping that somebody would challenge my posts assumptions. I concur with your current MRE of the "Southern Stockwork" at ~ 100k oz.
To get anywhere near 20moz we would need Mt Charlotte dimensions and grade at 1,500m strike length. From what I read from the websites Mt Charlotte had 700m depth. Boorara is no where near there. It not impossible but it will require a lot more drilling and positive results and there are no guarantees that the positive results will keep flowing. With the current drilling results if MRP can achieve an MRE of 2moz for Boorara within 12-18mths it will a good result, but it won't get MRP to $1 on a undiluted basis, perhaps maybe 70-80 cents.
MRP Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held
