That would depend on a number of things: 1. Are we picking up new tenements? 2. Is there a clear plan in place to get to steady production and become cash flow positive? 3. Will the large capital raising result in high tonnage output and processing? Ie is the plan to be processing 160-200 ktpa in 3 years time. 4. Is the money being used to build a decline? 5. Are we selling part of another mining lease which will equal less dilution. 6. After NG has raised the cash, will he step back and let an expert get this mine to where we all expected 2 years ago?
MCO Price at posting:
11.0¢ Sentiment: None Disclosure: Held
