Was topping up on MOEO yesterday and will make another effort today now with an updated Resource assessment due this month.
I don't know how many drills they are using on MOTO, but Klaus Eckhof, the project originator moves like lightning:
Announcement: 9 Aug: 8 mill ounces
14 Nov 11 mill ounces.
That is one mil. ounces a moth increase, something unheard of.
There is a holiday this time but it is possible that the latest estimate could be at least another 1 mill ounces more and possibly 1.5 mill. Who knows!
MOE is entitled to about 63% of that.
Drilling will continue for some time yet.
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.
MOE Price at posting:
0.0¢ Sentiment: None Disclosure: Held
