MAN mandrake resources limited

Ann: Encouraging Results at Newleyine- Further Drilling Planned, page-118

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    From the discussions with Allchurch, I gathered this understanding from my own analysis on the conversation.
    Management has $16.5 million for the purpose of discovering PGE's minerals at Newleyline in the same Jimperdig Metarmafic belt as Julimar.
    Management expectations and hopes have not waived and remains focus on the current project. If anything, with a complete geological survey and mapping on the 142sqm2 of Newleyline, they now have a better understanding on how to approach and tackle the project.
    It is the usual thing to states they are open to any new open opportunities that arises, in other words they have not closed the door to any good prospects.
    The talk with Allchurch has been assuring and I don't regret buying in more recently.
 
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