dfs confirms net profit increase of 30%, page-6

I thought it was a good result. The increased production and extended half year mine life has boosted IRR%.

The message they are trying to put across now is we need more drilling to justify an expanded 100koz equivalent operation, capex would increase by 30m however.

At this moment the question remains is how much dilution??

Interest payable remains (dropped a bit in fact) at 9m$. No way is that reflective of a 90m loan over 5 years unless CS is super generous.

MYG should have 2m or less in the kitty. Probably less due to increased activities of late. They will need money soon.