I think the report shows that: (1) MOZ isn't far down the track...

I think the report shows that:
(1) MOZ isn't far down the track (inferred resource only, floatation not completed)
(2) Doesn't have much cash ($1m at December)
(3) Has a lot of issued options (310m options, 571.7m shares on issue, with a diluted issue of 882.6m shares!)
(4) The report omits the diluted MCAP of MOZ ($35,304,000, not $22.3m as highlighted in the report)
(5) This is some drum-banging before the inevitable capital raising that will occur, shortly.

It might even trigger some holders to sell down some of their holding to partake in the aforementioned, inferred capital raising. But hey - it could just as easily be a large private placement, right?

Just my views though - as you were