re: +11 mill ounces and more to come?
Majors have been watching Moto for a while-Goldernstar were on the ground about 18mths ago!
Some of there gold is very deep but there is a lot which is very shallow-I wonder how hard the ore is?
I think the political risk is minimal at this point of time,there has been trouble but nothing to get worried about-Moto operations have never been interupted by the unrest.
The Congo is a big country-the Moto operations are a no where near the "trouble".
The problem is when something does flare up no matter how good or bad the market over reacts.
I've been in MOE for a couple of years now and are seriously thinking about pulling the pin within the next 3mths!It depends see what happens-its a tough decision.
I want to roll a fair portion over into QGC-QGC will start moving very soon(3 mths) I don't want to miss it,but if Moto looks like it will be taken over then will hold obviously.
Cheers
MOE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held