MGO
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0.00% 14.0¢ marengo mining limited

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  1. qben8_
    1,212 Posts.
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    30/05/12
    09:49
    Post #: 10241143
    Forgot about the gold and Moly

    At .10 g/t gold cutoff
    measured and indicated 199Mt at .17 g/t = 1.1M Troy oz

    At 40 ppm Moly cutoff
    Measured and indicated 532 Mt at .01% = 140 M pounds of Moly.

    Now lets see how the market views this. To be honest I'm not expecting too much of a spike. Happy to be wrong of course.

    Cheers,

    I hold MGO
    MGO Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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