Below is a direct quote from MD Les Emery in latest Paydirt...

Below is a direct quote from MD Les Emery in latest Paydirt magazine article on MGO's website.

“We know from the previous BHP-Kennecott exploration that this is a plus-one billion tonne system and the structure itself is big enough to host many billions of tonnes. I am not saying the whole rock unit is mineralised but the structure is big enough to host 2-3 billion tonnes. And it goes down to 4-500m and is open in all directions.” We would expect, that in the first half of May, to have our revised resource estimate out. We were hoping to have it completed in April but with systems, consultants and data as stretched as it is, we have 2-3 weeks of slippage.”

Whilst looking at + 500 mil tonnes JORC compliant resource upgrade in the next few days, the above statement highlights the magnitude of potential for MGO.

It also makes reference to a site visit by a Canadian Broker and the positive feedback from MGO's recent trip to the PDAC conference in Canada. Rest assured the international investment community is starting to take notice of MGO.

Article does mention metal in ground value at 8-9 bill dollars however this is would be based on the very conservative pre-feasibility calculations per pound. In today's dollar terms we know it sits around 18 billion $ and to be upgraded any day now.

Great article at

http://www.marengomining.com/media.html


Good luck to all holders!!!