MCT 11.4% 3.1¢ metalicity limited

Ann: Metalicity Farms Into Eastern Goldfields Gold Projects, page-4

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  1. 266 Posts.
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    Capital raising unlikely. No one escept management will top up even then just enough to tax purposes and accounting fluff.

    but shallow gold from a mine that hasnt been looked at for years is a smarter move comparatively.

    question. Where does managment think theyre going to get $5m from? Definitely not from any CR.

    a JV to get to cashflow on a cheap mine option for a potential 50koz estimated from historical data. Hmmmmmmmm.

    at least there are more peoplee involved which is a good sign. Bring on venture cpital to accelerate progress.

    plenty venture capital firms the vet projects like this and invest on behalf of angel investors. They love gold projects
 
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