The drill bit came up with less than2g/t when they stuck it in the new reef at Morningstar (we will have to take them at their word when they say trial mining will generate up to ten times that amount).
Add that the gold price has been back-pedalling for a while and you can see that it was working against getting the mnmoc over the line.
A surging gold price and stellar drill results and we might have had a different scenario.
MNM Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
