From the MD&A March 16 on SEDARSome observations:
Infill drilling at Corak, done since the last 43-101 RC should move some of the inferred into indicated if shareholders are lucky.
I think it's overoptomistic to expect indicated and inferred to exceed 2.5 to 2.75 million oz. jmho.
The presence of "a very high-grade near-surface gold/base metal mineralization" along the 700-metre Village and
South Zone corridor is of interest - is MNR hinting at the possibility of an 'enriched' zone that will, along the lines of the Banro FS, support the economics for the construction of a mine, and allowing for the payoff of the CAPEX in 3 or 4 years? This, along with news of a JV, would spur interest.
"A programme for 2009 exploration of the Company's Yusufeli properties will be developed based on the information acquired from the new estimates". Good - and MNR has money.
The company would benefit from a JV. We learned that Cengiz Khan't. Hopefully somebody else will. Sooner the better. A Teck, say. Or a Kinross. Or some mid-level.
Someone who can put the miner into 'MNR'.
Special kudos to management for investing our monies responsibly - no ABCP. I wish all my companies had been as careful. p.
