MGO 0.00% 14.0¢ marengo mining limited

my thoughts on MNC in resource comparison with MGO...not sure if...

  1. 3,698 Posts.
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    my thoughts on MNC in resource comparison with MGO...not sure if you guys picked up on MNC's resource report was based on a 0.2% Cu cut-off grade...

    Note that MGO's report is based on a 0.3% CuEq cut-off grade...if you go by the 0.2%CuEq cut-off grade, MGO has the following resource:

    Cu Mo
    Measured: 1075 M lbs 48.5 M lbs
    Indicated:2988 M lbs 96.0 M lbs
    Inferred: 7569 M lbs 214.8 M lbs

    Total copper of: 11632 M lbs
    Total Mo of : 359.2M lbs

    This is worth a whopping ~$50B worth of resource in the ground!!

    Now how does this compare with MNC? You can work it out yourself i guess.


 
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