They want to have as much of the estimated resource to be announced in July in the indicated category rather than the inferred category given the new ASIC rules about scoping studies which would normally follow a resource estimate. Profitability of a scoping study has to be based now on indicated resources. Feeling is the 16 holes yet to be assayed will add resources so people doing the resource study need more time to evaluate these last hole results.
Drilling has started on the 12 copper zinc gold targets at Hollandaire with up to 14 holes to be drilled. Some good results here should get some market attention
MGV Price at posting:
7.6¢ Sentiment: Hold Disclosure: Held