They have 1.5 million left and have paid for the 4000mtrs of drilling which includes approx 600mtrs that have been done at GoldenPeak and the remaining 3,400 mtrs to be drilled in the next few weeks at Atui New Britain has already been paid for. So there is no need for funding until tehy get results but i am of the understanding that AmazonBay is set to get a JV partner shortly which should see some huge funds brought into MGK. remember Amazon Bay holds between 3 and 4 billion tonnes of ironsands. Cheers Rob
MGK Price at posting:
1.4¢ Sentiment: ST Buy Disclosure: Held