Thinking about your worst case scenario post. The options timing is a bit of a godsend. If SM74 is a success, conversion is a no brainer. If it isn't then they can not convert and have sufficient cash to fund the Cooper drill without having to make any funding decisions.
I think a Monday announcement/halt is plausible. One day to put the plug in and commence the sidetrack gets us to yesterday morning. Starting at 13,320 and drilling at 350 per day means four and a bit days to get to 14,800. Five days from yesterday morning gets us to Monday morning...halt if not result imo.
MEL Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
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