Just came across a presentation from MCO, dated Nov 2010, p8...

Just came across a presentation from MCO, dated Nov 2010, p8 titled Milling and Cashflow, based on a gold price of Au$1370 and a cash cost of $600 per ounce and 90% recovery, summarised as follows.

2010 - 5000t @ 5g/t Au (724oz), A$ sales $991,880, A$ profit $557k.
2011 - 80,000t @ 15g/t Au (34,727oz), A$ sales $47.6M, A$ profit $26.7M
2012 - 80,000t @ 15g/t Au (34,727oz), A$ sales $47.6M, A$ profit $26.7M
2013 - 100,000t @ 15g/t Au (43,408oz), A$ sales $59.5M, A$ profit $33.4M
2014 - 120,000t @ 15g/t Au (52,090oz), A$ sales $71.4M, A$ profit $40.1M
2015 - 120,000+t @ 15g/t Au (52,090oz), A$ sales $71.4M, A$ profit $40.1M

Based on the current rate of processing and photos posted on Flickr, everyone will be waiting until the year 2015 just to produce the 724 ounces scheduled in 2010.

I say this as looking at the photos on Flickr there appears to be very little if any excitement surrounding Botting and Laidlaw observing the "first on site gold pour" in X number of years. Now wouldnt you think if you just witnessed and contributed to the first gold pour taking the company from explorer to producer that there would be an element of excitement amongst the personnel, and wouldnt this result in an announcement to the ASX stating the milestone achievement.

IMO the "gold pour", if that is what it is was a very disapointing result to the management of MCO. I say if that is what it is because for all we know it could have been a test run of the smelting circuit, and quite possibly was not a gold pour