I wouldnt be too discouraged by these results. anything above 0.5 g/t is worth digging up if it's shallow enough. need at least 3g/t for any underground mining.
The gold looks to be very high grade in small number of drill results, this would be typical of gold veining. it's hard to hit with drill, but very profitable for mining as you just follow the veins.
Main issue is whether there is enough gold/silver to make the mine profitable of 10 years. It really needs 1M ounces to justify the expenses of plant etc. Basically it needs a lot more drilling (which they are doing). Given they are hitting good gold and silver in multiple locations for me bodes well there is quantity there. Patience is your friend, this is a 12 month+ investment for me. It's higher risk, high reward so I'd not invest money you cant afford to lose in my opinion only, DYOR!
MTH Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
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