RE: RE: RE: RE: RE: RE: NEWS - Old News?O-R do your DD is the best thing for sure...and here are couple things to check on.
MOA is debt free...owes no one and has no financial obligations and currently sits with about $3million in the bank after recent PP's. Very low shares outstanding of around 35million.
On the gold side, currently their Valentine Lake property in central Newfoundland is under a very active drilling program. About 8000 metres are planned(around 60 holes I think) with only about 20 reported so far. The success rate is near 100% so far on the drilling which is to say almost all hole have hit the resource envelope(this % level is very unusual)!! ..and as you saw lots of visible gold. So there are still about 40 more holes yet to report.
This summer's program is a follow up to last winter's program. They were then drilling in some very high grade areas returning up to 15OZ per ton(OZ not grams)!! I believe that the some of the next holes to be drilled may be back in this high grade area...Anyway, all the news releases are out there...if still interested do you DD and maybe you will find out that this is still very early in the developing story that could be on the edge of a serious breakout. The 43-101 planned for next QT should be undisputable as the next new open pit mine for Nfld....C.Gert