Hey barny. No, the resource isn't deep or hard to mine. It does sit in the hills of png where environmental problems and political issues pose risk. Also it is going to be a very expensive project to get going where things can be delayed or go wrong along the way over the next 3 years. So it comes down to whether you believe in what will happen in regards to these risks. I believe slowly but surely with resource upgrades, dfs, financing and time that these risks will diminish and with this the sp will rise significantly. I believe we have great management and in 3 or 4 or 5 years, Marengo will be very well known. But almost all the brokers and institutions will not invest until a lot of the unknowns are ticked off. By that time we won't be cheap. Of course I could be completely wrong. That's the fun part! If you read some of the stuff Oscar has put on recently I think it is a great bet. Good luck.
MGO Price at posting:
23.5¢ Sentiment: LT Buy Disclosure: Held
