Ann: Noosa Mining Conference Presentation, page-23

Assuming a restart of drilling at full pace in early October, at the cessation of the rainy season, and the stated cash burn of $1 million per month

MKG will need more funds in December 22 or January 23 to continue.

So I’m factoring in a capital raise before the Xmas /New Year hiatus ?

I’m expecting the CR to push the price down a bit from current levels , given that there will be a discount applied to attract institutional investors , and some selling in the immediate aftermath of the CR , as some investors divest.

And further share dilution is , of course, inevitable for the company to continue.

But the up side is an opportunity to buy , at cheap prices.

And likely MKG management will be spruiking heavily as well. Expecting much good news of exploration success in 2023 !!