re: will mgl (moe) be taken over? That has been asked many...

re: will mgl (moe) be taken over? That has been asked many times.

Sure, the Majors would like this, it will be much bigger by the time drilling is finished for a BFS much later in 2006 or by 2007.

For MOE to get 10 mill ounces, the project needs to deliver 15.88 mill ounces of Gold.

The project had 11 mill on 14 Nov. We could get some 12.5 mill in Febr, when the new resource update will be in.

And there still will be more drilling after that.

They found an elephant alright!

As to selling the Moto (MOE) project, I don't think the originator, Eckhof, minds.

He has already started with new projects: TGS.ASX.
And yes, they are moving quickly there as well: 3 geologists.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.