It has been stated in reports that MGX uses a computer software program to assist in developing a mine plan (which may change from time to time). In the reports they actually name the mining software that they use.
Also in the reports they state that with 50,000 metres of holes drilled and assayed that they have a "high level of confidence and understanding" of the resource on Koolan. Many of the assayed holes are at 50 metre spacings. Despite a total of 50,000 metrea of holes drilled and assayed, most of which are well over 200 metres deep, no bottom has been found to the resource.
MGX also engage from time to time expert mining geologists and competent persons under the JORC code that also assist in development of changes to the mine plan.
It has taken 64 years to get down to 125 metres. It has been stated in several reports that the mine has been modelled to 215 metres.
MGX Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)