I don’t think the MRE will disappoint but we could see a slight lowering of the grade but with the higher gold price they can include areas they might otherwise not. Still won’t be as low as Capricorn and I don’t like the comparison as I see fairly clear route to production which they didn’t have at this stage. It’s that fairly clear route to production that really makes this a winner for me. You just don’t get that in most explorers and certainly not with this level of additional exploration.
Still I wouldn’t be surprised if it went to 4c before a bounce it’s fairly predictable.
Ann: Results Confirm High-Grade Gold-Copper at Depth at Minyari, page-104
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