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Ann: Myall Technical Update, page-5

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knaomi

1,203 Posts.

191

23/01/24

09:15

Post #: 72014128
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Originally posted by Antipater_100: ↑

they may have enough to drill 4 holes to test the new model. if their model is correct then 4 holes should be enough to at least double the SP as at least two will return strong results. Then do CR.

Risky but probably worth the effort as SP is in the sewer (swimming with ALK and ASM) anyway and any CR now would hurt as much as it would if the drilling is not successful. CR at 3c or 4c will not matter... value will be destroyed via big dilution anyway.

in absence of JV opp.

just my take.

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Well the quarterly is due soon so we'll know exactly how much cash is remaining after Adam's exorbitant salary.

This is probably another attempt to soften the blow (like the MRE).

MAG Price at posting: 3.9¢ Sentiment: None Disclosure: Held
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