The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
MCO's Maxwell Reef
|
JOHN WILSON, Resource Capital Research
(06/30/2010)
"MCO plans to produce 15,000–25,000 oz. pa Au from its gravity plant at the Morning Star Mine, commencing Q310. First production from the Maxwell Reef could run to 55g/t Au. Regional exploration is ramping up, with drilling underway at the All Nations prospect. . .Mining grades from Maxwell Reef are well in excess of the Morning Star resource—a possible 55g/t Au head grade from the first stope would be a good start to production proper. Gearing up to a 30,000–50,000 tpa operation in H210 should see gold output in the range 15,000–25,000 oz. pa or higher. Opex should be ~AUD$600/oz. giving solid margins. We repeat our assertion of Q110, which is, if MCO can continue to achieve predicted grades and start milling on schedule, a share price re-rating is expected. Regional holdings have potential to provide a 3–4 Moz. resource base." |
PRINT THIS PAGE
EMAIL THIS PAGE
Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >