Just little interest as gold isn't in the spotlight at the moment and JORC is well under 1Moz. I wouldn't have thought that there will be a cap raise within the foreseeable future.
There was $6.8mil in the bank at the end of last quarter so that is plenty of drilling. I note that most of the drilling for the MRE had already been completed and paid for.
I believe we should have enough cash on hand to drill out another 10,000 - 20,000m drill campaign to expand the JORC even further. We probably need 1.5Moz of gold to get to a decision to mine, which will required another round of drilling I would have thought.
MM8 Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
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