GDR results have taken an eon on bulk sample. MCO have gone very quiet which is disapointing. Both share prices have struggled through this lack of news by the looks. There is Director buying in MCO which is unlikely to be a negative, but as you mention, GDR seem to have a sudden interest away from Walhalla via a new JV. I hope this bodes well for both companies as I own both stocks (and other VIC gold hopefuls). The gold mining records in Walhalla (mainly Long Tunnel) were impressive in grade (1oz) and mined ozs. The Morning Star mine records are slightly lower on grade but it was a mighty mine for WMC. More recently, MCOs sampling has far outweighed results by GDR in this ongoing (& quite massive) sampling program. MCO's release says avg grade has been 80 gpt! Whereas GDR sampling to date may be indicating 8-12gpt? I'm sure the devil is in the detail but a punting man should be long both as you say.
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