Hi Mouse, I was expecting a bit more fuel in the MCO fire but...

Hi Mouse,
I was expecting a bit more fuel in the MCO fire but looks to be another wait for the long suffering holders....


about the 6.8g/t mentioned-
"It should be stressed that MCO has mined lower grade resources due solely to access and near term availability of those ores.
This was also considered to be desirable in order to provide lower grade feed to thev mill enabling optimisation of the gold recovery circuits prior to processing high grade ore feed.
Mining of higher grade ore was commenced at the close of the quarter and both Burns and Kenny stopes will be online in the following period. In addition, a high grade extension above Maxwell’s zone and 8L at the enriched eastern sediment-dyke contact near the junction of Stones and Tills has been discovered late in the quarter and will be added to the mining plan in the near term."

IMO 6.8g/t will be provide a slight profit with the current POG, and also a better understanding of the prefered mining techniques.

Noted in the announcement "a general meeting at a date to be advised shortly" let me guess a day in November the AGM as it's called by the ASX- no prizes for the winner....

Further Gold pending refining & Sale (more gold waiting but how much?)

"1,369.4 grams of gold and 238.3 grams of silver produced from the test work was sold through Focus Metals for a (net of costs) price of $1,563.71 and $29.23 per ounce respectively.
Further quantities of concentrate have since been provided to Focus Metals for refining and sale."

Disapointed about the promise of the 10mil financing details was to be detailed in this quarterly report but now deferred to when "November?".

Still Holding but would like a fair Go!

Cheers,