Agree with the sentiment of the majority posters and this was just a marketing document attempting to convince people to put more money in which seems to be based on mostly hope rather than the cold hard facts of the drill bit. At this stage, to truely believe it without better evidence I’d need to be convinced that management believe by material participation in the incoming capital raise. The only credit I can give management is not sure they had any alternative given the have no cash left that they need to drill or the alternative is just to say we tried but based on the available evidence the deposit is not going to be economical and therefore it’s in the best interest of shareholder just to return the little capital they have left!
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Ann: Mavis Lake Exploration Target highlights scale potential, page-45
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