Agreed they have stopped so close to a high grade zone. But cash is key as is the other reef above perhaps by the looks. May as well take time to model correctly and not have large outgoings. I think on Waverly you are incorrect. They are drilling across a narrow dyke to get orientation only. Your hope of hitting high grades is nearly zero as the dyke is 2-3 metres true width. Wait until they can drill straight down the structure. Then you can have hundreds of metres in dyke to look at with certainty of hitting reef. I think it's positive.
MCO Price at posting:
14.3¢ Sentiment: LT Buy Disclosure: Held
