Mcnally's announcement out, page-64

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trtkjd1

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06/03/19

20:00

Post #: 37677033
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Originally posted by Kranky: ↑

"Unfortunately Kranky , its still the same mine with the same shaft , the same plant and the same reefs with exactly the same gold in them , so however good management are there are a lot of things they can,t change."
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I will start with this first sentence which could be seen to be generally and technically correct, however:

1) The winder in the shaft has been upgraded so it is faster and more reliable.
2) The plant has been upgraded to better deal with the deorite which was a big issue with MCO's gold recovery.
3) More detailed analysis of historical data with current drilling results to determine best options to drill and discover new reefs - hence the first drill into a suspected gold zone and hence McNally's.
4) Better and more cost effective drilling techniques are being applied to ascertain new gold reefs/zones.

...and probably the most important factor that is different...

5) A BoD that listens and heeds the advice of their mining, production and geo team rather than a BoD that dictates to their mining, production and geo team where they should be drilling and mining...against their experts advice.

Yes, 4-6 weeks will be telling.

The K

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Considering Greg Curnow was chief geo and on the board I guess it’s possible he would ignore his own advice and mine and drill in places he believed there was less likely to be gold ????

AUL Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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Mcnally's announcement out, page-64

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Recce scores $6.75M R&D rebate

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Cyclone signs MOU with Vale for development of Iron Bear play

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Auric sniffs gold up to 12.1g/t through drilling at Spargoville prospects

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals