IOCG Loongana potential, page-22

This Swedish region has attracted S2R Creasys outfit who have taken a position next door to MRQ. In fact S2R mentioned the
initial good drilling results of MRQ in the adjoining tenement.
S2R have removed much of their focus from WA to concentrate on this Swedish region which has multiple VMS deposits containing copper zinc gold silver.
Mandalay makes most of its profit in this Swedish region and
is looking for more ore.
The present in the ground ore in their approved mine is being
re appraised at present to take into account the whole tenement which potentially could provide multiples of the present in ground value of circa $600 million USD.
This review is in play at present.
MRQ's strategy in Australia is to spend minimal amounts on each
tenement but in doing so display the signature's geologically
that will attract Joint ventures, which is also coming to fruition - all be it more slowly than this needed to be.
The under the radar Loongana alone has the possibility to
be a Company maker due to the potential size of any iocg find.
The new investment group are no mugs and their investments are smart, strategic and most often successful.

JMT

Cheers