Cheers YB, that is indeed good news and personally, the main sp driver I've been hanging out for.
Previous announcements have noted the 25% increase in reserves on $3M invested in exploration. All things held equal (and of course this may vary at different stages of exploration):
56M MYGOA @ 5c = $2.8M (August cash flow)
Plus a small equity raising, maybe $1.5M???
- $1.5M @ 0.10 = 15,000,000 FPOs
= 539M shares on issue, $4.3M cash at bank
Or if we get some sp appreciation on final permits/finance:
- $1.5M @ 0.15 = 10,000,000 FPOs
= 534M shares on issue, $4.3M cash at bank
Ann: Mutiny Gold Ltd - Video Broadcast , page-7
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