RE: Year End UpdateVery nice Update and certainly about time. MOA had lots on go in 2008 for sure and should certainly be promoting it. I guess maybe the timing just wasn't right before.
From latest financials, they have lots of dollars in the bank to cover them for a long time going forward and now I really like the fact that they have managed to achieve $Zero in long term debt. They are financially obligated to no one. Management should be commended to have positioned MOA so well that the hard times cannot cause them any long term grief.
The VLake sure is an interesting property with 440,000 oz(at 43-101 level) of high grade gold(10g/t) already identified. The stated goal is to increase the resource tonnage. The property has never had good(almost no) road access it seems and yet they have already located a deposit of this size. This is commendable. Imaging now with the new road how much easier it is going to be to put drilling rigs on the property. Only one area on a 24km strike has every had any real work. Sure seems possible that the resource size can double and maybe hit 1 million Oz as this moves forward.
Like as well that they have a new second Gold Property in Little River. Too early to tell yet what is possible, but just maybe this will be considered a new find in the coming months. They have said that no prospecting ever recorded in this new area that is returning this interesting data.
The release as well, did confirm a new Massive Sulfide find on the CornerStone property adjacent to Bobby's Pond. These things just don't show up out of the blue. A hit on MOA's first attempt drilling this property is very encouraging and an expanded drilling program is now planned. Who knoes, but a good chance here to double up BP's size perhaps.
Really good stuff going on for MOA in 2009. Quite EXCITING if you ask me...
C.Gert