Mcnally's announcement out, page-42

probably the same reason many of us invested in MCO and many other feel good storys , telling of the riches of bygone years and how the old timers mined at 26.5  grams or more in some  mines cases. without looking further into why those grades were achieved and not understanding that those grades are unlikely to ever be achieved again with modern methods . Sure with an ore sorter  they probably could be replicated , but the  waste  and developent still has a huge cost  that with modern occ health and safety  and wages  make most of these deposits cash flow negitive with current gold prices.  The  asx is littered with  gold companys  having cap raising after cap raising  and not ever making a divi  payment. and geventually going bust, being reberthed or taken over. However  there are still some rich reefs that are still being found in some mines that are an exeption. for majority of holders i hope Mcnallys  comes good. Just imo dont believe that just because there is some visible gold  , asume its going to be very profitable before the Lie detector ( milL ) tells the full story.