i haven't heard the BRR broadcast (audio is stuffed atm!) though i take it that NG must have mentioned an 86% free milling recovery rate. the odd thing is (playing librarian here, guys) in 1 august, 2008 quarterly report (page 6) it says :
"Metallurgical Studies / Plant Review
It has been reported in previous periods that Bulk Sample test-work from Gekko Systems was completed with recoveries matching and exceeding previous tests. After a series of preliminary tests, which pointed to Morning Star ore being free 100% milling gold with little more than gravity treatment, Morning Star had asked Gekko to design options for a gravity only recovery plant, in an effort to substantially reduce future capex and opex in any production scenario".
so atm i am taking the 86% free milling quote as the usual conservative co. statement, where they always appear to underplay the results.
GB......hard to beat that one assay of 17,000g/t Au at the Kenny's reef for sure !! and the 2005 annual report (page 5) is a hum-dinger too, where it mentions that "the veins range to 50cm thick and carry grades in the 1000's g/t Au".
MCO Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
