deep drilling

MGO is valued at ~ $45 million, has ~ $12 million in cash, no debt and owns the Yandera Co - Mo Deposit in PNG.

The project's in situ value of JORC compliant resources exceeds $30 billion.

Results from deep drilling will be announced shortly. The drilling results are highly important - not just for grade, but for confirming resource extensions.

If the results confirm copper and molybdenum, it will effectively connect already defined resources and has the capacity to substantially increase the size of the global resource - BY A LOT.


I hold MGO and rate it as a value play.

Waiting in anticipation.