MCB 0.00% 7.0¢ mcb resources limited

Quarterly progress Report, page-12

  1. 180 Posts.
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    This was always going to be a tough gig.
    Mineral exploration in a country with minimal basic infrastructure, limited governance and legacy issues from Panguna was always going to be a big ask for a minnow like us.
    Unfortunately the only way forward is to throw money at it. Lots of money....which we currently don't have.
    $3 million loan due next month, expected increase in costs for exploration, staff and admin.
    Lets hope the Geophysics report due shortly throws us something good.
 
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