Ann: Advancing Studies for Extraction & New Extensions (Updated), page-2

If the $20 million raise as reported by some here is the target, I think announcement tells you what the money will be used for. Here I will copy the two down for you:



and


I think you'll find the money will go to the two above, plus greater exploration effort in the US tenements than previously anticipated. Would appear too me the focus of TMG has moved away from Australia and that is the focus of the $20 million I would suspect - probably as a result of land access issues to that farm in Oz owned by Shelley (i.e. I think that is the name of the owner there???).

The fact they are proposing a pilot plant is a confidence thing too me, plus a pilot lets them see how the process works. Would be interesting that I suspect they will be doing some MET tests soon I suspect, to indicate how easily the antinomy is released from the ore body and how process works commercially.

Anyway, Tuesday will be interesting I suspect.

All the best to holders.

All IMO