Should be an interesting week ahead with ann hopefully soon. Was...

Should be an interesting week ahead with ann hopefully soon. Was looking at previous news and came across this website and write up from Aug 2010 on MGO worth the read Les seems confident in getting the right partner/s onboard.

www.minesite.com/nc/minews/singlenews/article/time-could-well-be-on-marengos-side-as-it-plays-catch-up-with-larger-rival-equinox/80.html?tx_ttnews%5Bswords%5D=marengo&cHash=6c5c71f0e2

Here's a bit from the article,

Les said the DFS is currently limited to a 20 year project based on a structure known as the central porphyry, which contains around 500 million tonnes of the 700 million tonnes of ore already outlined at Yandera. But the latest round of drilling points to Yandera having potential for a major expansion after it starts production. The latest deep hole returned a stunning 980.7 metres � yes, almost a kilometre - of mineralised material assaying 0.38% of copper equivalent, with some zones assaying more than 1% copper equivalent.

For investors key events to watch for are exploration news and the results of the DFS. Ahead of those results, the conjecture has to be that the DFS is looking good, with copper above US$3.00 a pound, more than US$1.00 higher than when the study started. After that, will come the financing question, and Les is already keeping an eye out for a strategic partner interested in providing capital and assured marketing.

�We know the sort of partner we want�, Les said. �We�re not knocking on every door, and we�re not interested in talking to tyre kickers. We�re only dealing with groups that have a proven track record, and have a need for our products. We�re not talking to any of the major mining groups. The last thing we want is for Yandera to become just another mine development option for a big miner. What I need is to do a deal with someone in need of copper concentrate over the next three to five years.�

Les singles out the concentrate market as a real driver for interest in Yandera. �The concentrate market is tight, and getting tighter by the day. What�s been happening is that projects are being snapped up by direct users of metal, leaving the smelters short of material. The smelters have been saying to me that they don�t even get a chance to enter into off-take agreements, because someone else has moved first and done a project equity deal.�

For investors with an eye for a stock which will pick up speed from next year, in much the same way Equinox did as it moved from exploration into development and then production, Marengo is an essential item on a watch list. And that�s before one even considers George Soros�s ability to pick 50 baggers.



Certainly sounds promising

Cheers Neil