Today's Volume, page-118

Then you know little about mineral surveying. It give indicators, nothing more. Drilling cores are the only proof and most of the time they are dusters. If it was so simple to find resources, the entire population would be explorers or miners.

The latest survey has uncovered dozens of potential drill sites, and the Fraser range is a productive site, although no great finds have been made there in the last 5 years probably because the resource sector was in a downturn over that time.

We are fortunate that MRD is a company with a long term drilling plan and enough cash to keep going for a while. The last 3 drill sites were in a swamp, so of course when it rains , drilling halts.

You won get much cheaper than 0.5c for a stock.

For drilling updates go to the ASX site, as MRD's updates on its investor page are poorly maintained and possibly leading people to believe updates are less frequent than they are.

I dont see any glaring positives or negatives with this mob, they are just an explorer having a go in a good area with proven resources nearby. As good as any to punt on..