re: i doubt mtn will be drilling in october. Why Drill it at all?
Past explorers have already drilled enough holes to prove whether the resouce is economic or not.
And it isn't. Go study the numbers very closely.
Drilling Mtg Gee is about maintaining the share price.
I expect that when the JORC Report on the rest of the Lease is released.
Share price will shoot up.
Then expect a capital raising.
10M funds raised to drill mt gee
Mt Gee drilling gets delayed.
Marathon gets some REAL leases
Money gets spent on the Real leases.
After 2 Years of delays Mt Gee gets forgotten.
The whole Paralana ore system is uneconomic and way too environmentally important. It won't be mined.
This is all part of a much bigger scheme for MTN.
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