1MC 2.94% 3.3¢ morella corporation limited

Ann: Upgraded Ore Reserve and Mineral Resource Estimates, page-28

  1. 18,424 Posts.
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    I think they are genuinely upbeat
    “A substantial lift in confidence “
    “■ Upgrade reduces risks associated with grade control and orebody knowledge with almost 25% of Reserve now in the Proved category”
    “....significantly reducing the risk associated with the categorisation of Measured and Indicated Resources. This improved confidence has resulted in a conversion of 78% of the Mineral Resources to Ore Reserves.l

    Etc etc...they are saying they have not pulled a rabbit out of the hat but they have added a comprehensive and genuine road map to a situation they were already very comfortable with.

    I think something big has its foot on the price and means to keep it there until it’s good and ready to lift it.
    Otherwise we would have gone up today...
    But who knows
    I own the stock so I want to think it will go up .
    Last edited by sabine: And I do 24/10/17
 
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