what concerns me is that this passage from the 31/7/13 Quarterly is now not even mentioned within the possible funding mixes or types of ongoing discussions. Not discussing this looks very inconsistent:
"Deflector Gold - Copper Project Funding Mutiny Gold has commenced a potential new strategy for developing our high grade, low cost Deflector Gold Copper Project. The strategy is to have the construction of the Deflector Gold Copper processing plant partly funded by a leading mining services Company and this would entail: •A mining construction company carrying a large portion of the cost of constructing the Deflector Gold Copper processing plant •A separate mining services company being awarded the Deflector mining contract on the basis they provide equipment and funding required for the mine development “We have already entered into detailed discussions with a major mining construction company and a leading mine contractor. With the mining services sector enduring a significant slowdown in activity and beginning to lay off workers, Mutiny Gold and our potential development and operational partners have identified an option that is a win/win opportunity for all,” Mr Greeve said"
BUT does the following line in the release today actually allude to these mining services company deals? "The amended MPA comes as Mutiny Gold is finalising a study detailing a major reduction in startup costs for the Deflector copper gold project, the full results of which it looks forward to reporting to the market once the detailed report h as been completed." If so, they should have stated exactly what they were talking about.
MYG Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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