If it goes back to being an explorer then I feel its going to hit the market cap hard. You only have to look at Orion (ORN) which is now caped at around $5M who hold a swag of tenaments right next to the Morningstar mine to see what can happen when a producer like ORN was , ends up back being an explorer.
Its hard to blame NG though I feel without all the facts he did relegate responsability on at least two seperate occasions to MDs who must also accept some of the responsability , and the ore body itself is difficult.
MCO Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
