Does anybody really believe that if they were offered $50 mill for a $1bill DFS asset plus maybe another Bill still in the ground waiting to be found that another party would not trump it and start a bidding process? At the end of March we have around $2.4 mill in the bank. Suspension of exploration and evaluation and staff cuts will see admin of about $400k - $500k tops per quarter. Will have to pay Chris severance plus there will likely be some DFS bills. Directors have taken pay cut and it looks like some of the remaining will be taken in shares. So cash will stretch out well past the DFS, resource upgrade and Downstream report.
MLL Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
