Read this report
2019-Annual-Report Manhattan Joshua.PDF
"Manhattan spend AUD$1m to complete approximately 3000m of diamond drilling which more than doubled the known footprint of the copper sulphide-bearing system at PS-1 and adjoining PS-2, which now exceeds 1.5 square kilometers in area and remains open in all directions,
with less than 25% of the overall PS-1 and PS-2 systems drill tested".
The Company then decides not to proceed to Stage 2 and enter into a joint venture with Helix Resources Limited,
Any thoughts on what grounds they may have decided not to proceed to stage 2 ?
Were the drills results that poor that they decided it was better to cut their losses and make a run ?
Isn't so easy to spend others money ?
MANHATTAN CORP LTD FPO
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