Another interesting thing is that they paid the geoconsultants with options. If the geoconsultants didn't think there was potential, then they would've taken cash instead, would they not? I mean, $62,500 (0.025 * 2.5m) isn't exactly much for a large geoconsulting job, and I believe that the reason they took the options instead of cash is that they know the true value of the tenements from the geo surveys that they themselves have completed. They must've done their own calculations with results which they have access to and then extrapolated that there is massive SP upside to agree to only take 2.5m in options at 2.5c. Exceptionally positive "announcement" I must say.
MHL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held