it's full steam ahead

I have started a new topic header as I don't want to give any more oxygen to Martie's unsubstantiated and untrue claims.
For the record though
From ASX Ann 30 Aug 2012...

$8.6m investment from RK Mine Finance (part of the Red Kite group) with $6.6m at 41.8 cents per share (10% premium);
? First equity investment RK Mine Finance has made into an ASX listed Company, taking an 8.5% equity position in MacPhersons Resources;
? Placement of $4m to additional institutional and sophisticated investors at 38 cents per share;
? Funds to be used for expanded aggressive drilling program and the purchase of the new silver and gold processing plant, beginning MacPhersons’ transition from developer to producer.

And this from Patersons Research 30 August 2012

"Various optimisation studies have been completed and returned positive NPV’s. Latest indications of “big pit” mining scenario improve the projects economics significantly and we expect to see further clarity on this as feasibility work is completed."

Great drill results will continue to be released right up to a resource upgrade in November. That upgrade will take resources to more than 18m oz (Analyst's estimate). The company expects multiples of that down the track.

Will be producing 500koz pa from 2013 ramping up to 2.5moz from 2015. Plenty of cash for operations post off-take agreement (at no discount). The gold is also sleeping in the background.

It's a great story and as always DYOR..