From a geological perspective there's so much to like!The announcement was solid, unfortunately they couldn't repeat the 7m at 18g/t on the western load but this round of drilling has provided structural data on the controlling factors behind the high grade plunge.Now with this data, they can plan the follow up drilling with much more confidence to intersect the high grade shoots.Guys this is early stage exploration, you're not going to have bonanza intersections with every hole. You learn from each drill hole and better understand the structural controls with each hole.
However (Read carefully) the fact that most holes intersected strong Au mineralisation means we're very close to understanding the Geology and so close to unlocking the regions full potential.I hold shares, so of course I want MHC to do well.With Kell and Jens steering the Ship, and a structural expert consulting, they're going to figure this out in no time.
An announcement will be around the corner in regards to their next drill campaign, and I'm confident you will be kicking yourself you didn't buy when the price was this cheap.
Of course do you're own research but I'm in this long term.
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Ann: Spectacular High Grade Gold Continues at New Bendigo, page-87
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