MCO are the ownwers of an old ball mill, which may have been refurbished, and if it has not been then that's easy to do at minor cost. It's probably at Gaffney's Creek and maybe a little blackened by fires. I'm wondering what other old processing equipment might be sitting around at Gaffney's - maybe an old jaw crusher? If my guesses are correct then they have half a processing plant at almost no cost. A wave table would be easy to build or acquire at low cost (toll process the "tailings") or spend up to a million on an update to items such as a modern centrifugal separator and spiral. A key phrase - "processing ... very nearby". No more talk of a Gekko system I guess. Very logical moves as frugality is required in this economic environment.
MCO Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held