Great announcement and one must be careful understanding what has been said... These results have been obtained from past work undertaken on the property by previous owners. The absence of laboratory certificates and QA/QC data precluded a full analysis and description previously. The certificates and QA/QC data have recently been obtained by MNC allowing a full description in compliance with JORC 2012 to be made. This is great work by the MNC team whilst waiting for permits and JV agreements to be put into place. Now interpretation of the data and setting targets can begin by Nick and the team. Intersections with such grades are exceptional. What is very encouraging is the statement that 10% of the samples have grades over 10gpt and average 62.7gpt. Any junior miner making such an announcement for an Australian project would be worth multiple times the MC of MNC today. At least double figure MC and when further results available it'd be nudging the hundreds of millions...
MNC Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
