Ann: Karlawinda Fast Track Programme, page-4

Interesting, I have heard good things from the early DRM days about Hellewell. I also see that he now holds 28% of MGY with his shares escrowed.

So total shares on issue post acquisition will be 343M giving MGY a MC of ~20M. They have a 650kOz resource (Inf) but low grade - the reason IGO gave it up? 10,000m of RC happening ... but a lot of infill. You would think they could have 1Moz in resources when you combine the Francopan prospect though the grade doesn't appear amazing for UG.

As I said pretty interesting ..