mcos 910000 ounces gold jorc resource, page-4

the important thing to note is "grade factoring".

Grade factoring means the 910,000 oz resource could easily be multiplied by at least 2 times.

That's because MCO's nuggety gold means only some of it ends up in the drill core - a lot of the high grade gold gets missed.

And this is only the resource from one historic mine - morningstar.

we also have All Nations, Loch fyne , shamrock, comet etc.. another 5 or 6 mines that havent been explored yet.

Could end up with a 10 mill oz of high grade gold - and as it is in its pure form - not oxide or sulphide - only needs to be crushed and separated - no expensive acids or cyanide to use.

should become the lowest cash cost mine in Australia - half the cost of the cheapest mines that use acid to leach out the gold.