Mal I agree with all you have said and support conserving drilling costs for use in developing the known orebodies.
What I am concerned about is some pie-in-the-sky figures that are often seen on MCO threads. 250,000oz per year as one poster quoted??? C'mon get realistic.
Enthusiasm is one thing but shooting from the hip like this and getting peoples hopes up cant be good for the company (in the long term anyway). Lets not forget all the hype that surrounded Ballarat and Bendigo.
I'm sure there is good gold underground at Woods Point, but first things first. Develop some ore, build the mill, upgrade the winder to get some good tons out and then think about other prospects and declines.
I think once it can be shown that Morning STar can be cash positive, the interest will go up accordingly, along with the share price.
MCO Price at posting:
38.0¢ Sentiment: None Disclosure: Not Held
