- At the end of the June2021quarter, the Company held$20.9million incash.
- Cash exploration expenditure for the reportingperiod was $2.3M.
- Corporate and other expenditure amounted to $324k.
- Significant delays in assay turn-around are being experienced with the Company awaiting assay results for more than 120 drill holes.
My Summary:
1. Plenty of cash left for a lot more drilling.
2. Plenty of news still to come from the 120 plus outstanding drill results.
3. Plenty more drilling ongoing through current quarter including infill drilling to enable a resource/reserve upgrade.
4. Exciting times ahead!
MGV Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held