Ann: Quarterly Activities and Cashflow Report , page-8

Just to follow up I believe John Greeve at ARCUSA presentation said deflector would be economical down to about $900 an ounce gold price so at this point in time hard to see that being an issue for the overall project getting up, just effects the profit margin. Still anything can happen.

I think primarily it's just bad market sentiment in general, combine that with the fact 101 million shares were issued. It's only natural that some find their way to the market for an instant profit thus creating sell pressure which in an already very ordinary market makes for a difficult time.

Hopefully some good news flow over the coming month & a bit should help MYG's case such as:
- Spanish Galleon Results
- Diamond Drill Results from Deflector
- Extra RC Drilling at Deflector
- Resource Upgrade
- Payment to own 70% of Gullewa
- Probably a DFS/BFS late September or October too.

Still certainly a frustrating market lately, I think plenty of stocks have done it tough so it's certainly not MYG specific.