As of Todays SP our MC is 24 million. We have about 1.5 million excluding the money due from calcifer for court costs and 500K from Exergen as part of JV..
So 24 less around 2.5 million and we have 21.5 million MC?
I assume calcifer fought for Mt Mulligan for over 4 years as they believed it had value?
I bet they wanted a big settlement/payment but MNM did not budge and we were successful..
Since we won the court case lots of positive news has been announced regarding ILUA and Traditional owners. etc etc
Exergen paid us 500k and is willing to spend 50 million for 50% of BM makes me very HAPPY/BULLISH.
LV is yet to be drilled but the talk of the Brown coal Pilbara at LV must get some people excited as our LV tenement could have both black and loads of Brown coal? Great loaction also?
I wounder if Asia needs more coal for the next few generations? I think they will
Gold is not our priority BUT surely we due an announcement in that regard. I was told the delay was due to too much rain and swollen creeks a few weeks ago? Could IK be working on a farm out or sale deal? who knows
They could announce drilling has started anyday and I would not be surprized?
Hope all holders are staying tough and ignoring the peanut gallery...I am...
sorry If I offend the daytraders and downrampers but I am very consistent, I don't buy/comment on the road surface but the castle at the destination...Nothing is simple in life but sometimes you have to ride out the tough times and stay focussed.
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