Ann: Significant Manganese Discovery Confirmed at Korhogo, page-19

They might as well pursue the manganese opportunity as the market is clearly not interested in the gold projects. The problem is going to be funding the dual exploration focus, if that's what they decide to do. But it does seem as though the gold focus on a very constrained exploration budget is a bit like flogging a dead horse in MKG's case.

They might be better off farming the gold projects out to a 3rd party while retaining an interest, but my preference would be to retain full ownership of the manganese and not got the JV route. Especially if the partner was Chinese, no offense.

The manganese is probably already worth more than the gold with the 5-6 holes drilled on the western structure. That's called value-adding in a hurry. It's already relatively easy to picture that some of that 7km strike is going to be economic as we already know the approximate widths and grades, albeit on a wide spacing. Compared to a structurally-controlled gold deposit, a bulk commodity like manganese represents a technically simpler proposition for a small company like MKG.

The big issue is the short-term funding, it's hard to avoid the reality that we're looking at a highly dilutive raising in the short-term.