In my judgement, Yandera will definately go to production in the next four years since it is at least the same large as Chinese largest copper mine(Jiangxi Dexin) which shares the same 0.5% ore grade and structure, and Dexin has been mined for 40 years and another 20 years mining life continues.
Annual copper product of Dexin is around 150,000T of copper, and the cost is well below $1 per lb after gold and silver credits.
But I am afraid MGO share price will keep underperformance until MGO completes their final share placement. SENTIENT Group and QUANTUM are financial crocodiles, and MGO has been under controlled by Canadians but not MGO manager board and us small holders.
It was astonishing that last SP was still around low 10c. Canadians will not pay above 20c for the next SP because of their greed and power, I am afraid.
GOOD chance to load more if MGO atays low 30c in the next 2 years.
Cheers
MGO Price at posting:
18.5¢ Sentiment: LT Buy Disclosure: Held
