MCO 0.00% 11.0¢ morning star gold n.l.

the case for mco, page-2

  1. nk
    3,083 Posts.
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    looks pretty realistic gf, if we get $1 a share in a couple of years I would be very happy.

    SLR took the view a few years ago they would need to train up the next generation of airleg miners themselves. It probably takes a couple of years of apprenticeship. One advantage this mine has is the excellent ground conditions which make it much simpler and safer to work in for airleg miners

    In addition it is the only narrow vein flat reef mine in Australia. In South Africa all the narrow vein gold mines are flat reef, and they have spent a lot of time and money developing technology to work it. I have seen video of mechanised boggers and drilling gear that works in 1.8m width

    This is not a stock for those with a short term view. All miners now face significant skilled labour shortages which hamper development and expansion plans, so you have to take the long view


 
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