MYG 1.19% 83.0¢ mayfield group holdings limited

gold symposium sydney-john has just spoken, page-16

  1. 681 Posts.
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    Looking at the latest presentation - to me, it looks like they have got moving on planning their next drill campaign already, and as mentioned, they have obviously brought this forward to lift their production to over 100k/oz a year.


    Ive heard a few whispers how they intend to get some of their funds, but not sure those options will finance a big drill campaign - but dont discount mamagements abilities to work some deals to get this done.


    AS well as project financing, im now eagerly awaiting other funding options the comapny might be chasing.


    The drill campaign would have to be fairly significant ti lift production significantly, although as mentioned, they got great value for their $3million spend last campaign, but still, they will be looking at a $10 million spend this time ide suggest. I wouldnt even mind a Share Purchase Plan for existing holders to raise this money - its going all towards future growth and a 35k oz/year increase in production will easily repay existing holders putting in more money to finance this.

    If JG can work his magic and finance this some other way, even better.
 
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