But then, listen to Feb RIU Explorers presentation by Peter Cash, , about 11.30 mark
which I had not watched/known existed until someones recent HC post mentioned it, tho it is on MOY website ( but not ASX News, which is why I missed it )
The underground 850k oz resource, particularly Bartons, can go thru the existing CIL plant without modification. And the scoping study for this underground fresh rather than open pit oxide will determine best route to handle more difficult ore from other areas.
The potential for growth of reserves and production ( and in theory share price ) seems intact, despite of ( or maybe enhanced by ) boardroom action with Mr Dovaston.
I am keenly interested to see if present gold price action, and MOY activities report shortly, improves share price and chart, particularly in comparison to much better recent share price performing larger miners like NST, EVN ( possibly due to manouvering around GDXJ eligibility changes happening soon )
Peter Cashs' presentation and the calibre of the board has given me renewed confidence in MOYs future.
MOY Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
