Ann: Manuka Wonawinta Deeps Proof of Concept Drilling Successful, page-15

Wow, underwhelming is an understatement. There goes the last shred of hope for MKR!!! Garbage announcement!

This isn't just blowing off steam either; I seriously considered that the deeps program could be the saving grace for the company. Like they rightly point out, nearby deposits are all sub-200m from surface. But after millions of dollars spent on drilling, they report a few intersections (few in meters and few in grade) of silver eq that's not much higher than what they already have!

This is nothing like another Mallee Bull, Federation, Southern Nights. Hell, even Helix with their recent Cu hits near Canbelego was more bang-for-your-buck than this.

AND; they say they're going to float it at Wonawinta??? Last time I checked a flotation circuit wasn't cheap... more capital raisings!!!

GLTA? You're going to need luck now!!!