RE: Look out below !!!!SO WHAT ? Average grades for new discoveries have been falling all over the world and will continue to do so. Why do you think people like Paulson & Co, Roschild et al are investing in companies like Gabriel and Northern Dynasty and others whose deposit grades a few years ago would have been classified as "dirt". What is more significant here is that Merc has discovered a new zone and expanded the mineralisation enveloppe. The increase in the price of Gold will take care of the rest.
Finally don't underestimate the fact that Fortune Minerals is keeping an eye on MRK.
So if .25 doesn't hold, that's great news for me as Rome wasn't built in a day and Brent Cook certainly didn't build it !