MCO 0.00% 11.0¢ morning star gold n.l.

loki01,The 1M oz resource is in the INFERRED category. In other...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 677 Posts.
    loki01,
    The 1M oz resource is in the INFERRED category. In other words they "think" there "might" be a million ounces under there. Getting MEASURED resources which can the be converted to "RESERVES" takes an awful lot of drilling, particularly in Victorian ground where the gold is nuggety. That was what I found in my other Victorian goldies. It's a real "see how we go" approach. You are never really sure of what you've got until the ore has been dug out and put through the process.
    Busting
 
watchlist Created with Sketch. Add MCO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.