Ann: Operational Update - Meteoric Maintains Strong Cash Position, page-30

Amigos, the anouncement says that the drilling at Juruena will resume asap, but only to the extent that: a) it extends at depth the the high-grade northern shoot at Donna Maria, and b) investgates the copper-gold porphyry system that they discovered with JUDD010. Both will be aimed at substantially increasing the JORC from 0.28 mil oz - and further discoveries may be made in the process. IMO that work program should cost about $1 mil or $2 mil (which leaves MEI with about $4 mil or $5 mil in cash). So it is a fairly conservative drilling program for 2020. Why? IMO besides the virus, the biggest problem is that when the wet season comes, operations have to close down for almost 6 months. What can they do? Well there is statement which @kansas picked up on. They are hunting for another prospect and it makes sense. Meteoric is cashed up and there are gold explorers which will have very low liquidity in 2020 and, just to survive, they will be forced to sell-off areas which may have good prospects, but are not "core" business. MEI can repeat the previous deal it did with Crusader - $1 mil or $2 mil in cash plus new shares. That will leave MEI with a good amount of cash to carry out the first year of drilling. (And of course, Andrew Tunks coud bring along his band of merry high-rollers to boooooost the piggy bank.) So my take-home message from the announcmeent is that Andrew Tunks has been looking into real estate and I woud not be surprised if an announcement is not too far away, IMO! Good luck Tunksie, for all our sakes.