Just a quick look into the HOA with Medina.
The Heads of Agreement requires Medina to spend up to US$13M on exploration at no cost to MHL and MHL will be free for all costs in relation to the Kyrgyz Operation to commencement of production.
This in return for 15% is a very good deal would not it have been worse if MHL issued 500 million new shares at say 3c to raise US$13 million?
Just a thought..
