ORN will have probably have much the same problems getting processing permits as their tailings run-off would go into the Latrobe River eventually
to digress:
looking at the chart for MCO we had a plateau at about 12.5 cents for April and May, then a plateau at about 16 cents during June and into July, then a plateau in August at about 22.5 cents and now a plateau forming at about 33 cents
I am no chartist or TA type, in fact I reject all that stuff and rarely look at charts as an indicator of future prices, only look at them as what happened as history - fundamentals of management, grades, tonnages costs ... more important to me
running a few levels across the chart and it looks like the next plateau level is 39 to 40 cents - just looks that way to me
the fundamentals will prevail - excellent management, good grades, numerous mining options, a workable mine, defined reefs, cheap processing, expanding JORC ...
MCO Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
