to jorc or not to jorc, page-2

LORC is really only if you need to put your hand out for $$. If you can grow via organic growth out of cash flow, and have a strong belief in the skills of your Geologists and the research to date, its a waste of $$$.

Personally I would like to see MCO grow a bit slower and via positive Cash flow out of a small plant, even if recovery is not optimal.

Banks will only screw us for finance, extra equity will only dilute our future, there will be a call on the oppies later this year that should see us through for $$ to get a small process operation up and going.

Key will be to have Shareholder solidarity when one of the bigger players wants to jump in and take the cream.....if we are not too greedy in the short term and can wait for the site team to prove their worth, we should all end up very happy long term investors.