Hi David, I have been pondering today's announcement all morning. Today we got more of the same. Every time the drill bit hits the dirt they find gold at shallow depth at very reasonable grades. But also as usual today's widths were skinny so today's head line numbers were never going to light up the market. However as one delves down into the announcement further we see how the model for a potential bulk tonnage is further evolving. That one deep hole they are currently drilling (mentioned on page 2) may well be the money hole as they follow the yellow brick road down to what could well be the source of all this surface gold.
We have seen the likes of SVY triple in MC from a level not dissimilar to what MBK is presently as they closed in on their still yet to be discovered Cu Au porphyry. I wonder how much more it will take for MBK to capture the markets imagination. I wonder if there may be some smarties trying to accumulate MBK at the moment without getting the market too excited. There's a lot to look forward to here for anyone with a bit of patience.
Ann: Drill Results Confirm Strategy to Target Open Pit Potential, page-3
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