Hey oscar Sept 2011 Qrtly Activities Report has pushed out DFS till "Mid 2012" Still first production 2015 so no extension there. AGM this thursday. ........................................................... Extract from 2010 Chairmans address at AGM
It is from this that the imperative emerges for our corporate schedule to have the DFS released in the first quarter of 2011 and the financing approved by November 2011, with project construction commencing in the first quarter of 2012. There are still some milestones to be reached. ...........................................................
IMO a lot has really happened behind the scenes preparing a DFS that is totally comprehensive, bankable and defendable. Not concerned at delay as I don't think the MGO team have been sitting around.
A few + drilling results or resource increase would be nice.
MGO Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
