Released the information below to the market on BRR. MYG were very bullish at this time - announcing the DFS for Feb and Finance in April.
That history now
The 11 mil loan took 3 months to negotiate - given the new understanding of the ore body & strike length 6 months down the track - ore is sparkling in distance.
NOTING with regards to 11mil: - credit suisse performed no fatal flaws review - which included an intense review of all the data and modelling.
JG states --> MYG came through with Flying colors. credit suisse will - Underwrite future capitol raising POST DFS - who know may not need it.
The hedge Rule provided consultancy JG states it Took 20 days to set hedge - MYG waited for the AUS doallar fell under US - The MYG activated hedgs
Its in Australian Currency Pricing - which protects downside example if gold go's to 1100.00 MYG gold can still start up.
Pushes break even point over 3 years to around $800.00
JG This is not an 11,000,000 $ deal for CS its a $100,000,000 deal when you consider the gold transactions that are backed into it.
MYG Price at posting:
6.9¢ Sentiment: None Disclosure: Held
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