The EIS will still take at least 3 or 4 months to complete. Their recent announcements would imply results faster than that, but they are just continuing to string everyone along. Look at when they claimed it would only take 4 months altogether.
For a better description of the process, take a look at: http://www.nt.gov.au/nreta/environment/assessment/register/matildaminerals/pdf/finalguidelinesa.pdf
At the current cash burn rate, I would expect another cash raising around the time of the next quarterly report.
Exploration has been painfully slow. It appears the great majority of last years exploration involved defining in detail the area to be mined in more detail, not exploring new prospects as they would have us believe.
I took advantage of the recent price strength to sell all of my holdings.
MAL Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held
