has drilling begun, page-28

it's not so much a timing issue as I see it. Unless you believe this company is completely insolvent and the management has no idea, then it's a raging buy. The sampling has all been good looking at the past few releases. Around 80 grams per tonne is not too shabby. I don't know what the delays are specifically at the moment for MCO and I haven't followed the GDR story since Kingsgate sold out at 65c which was my catalyst to exit that one. But the history of this field within the MCO leases is significant. The management ran the old A1 mine profitably, they ran Daisy Milano in WA profitably before Perilya butchered it and they also had a hand in Wattle Gully in Vic. That's what I base my assumption on. Results will come but right here it's cheap as long as you aren't a day trader...........