MOH have expedited drill programs (advanced from June) at East Sampson Dam over a strike length of 500 meters to confirm resources for open pit mining. Program is imminent. Additional drilling (imminent) at Tyrells to evaluate a 2,000 meter anomalous strike line.
MOH is aiming (subject to resource confirmation) to start open pit mining in early August of this year. Assume that this will be contract miners that ship to a local mill for toll processing (talks underway) My conceptual guesstimates indicate that small scale mining will result in a multi-bagger driven by a very tight share capital of 49 million shares.
MOH has around $2.0 million in cash, so there will be no dilution. Looks like a very viable early stage moonshot. Good luck to all longs.
MOH Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
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