We are about to secure the first batch, imo, of licences available, with a mix of drilling results across these. We s/holders are NOT those putting in the $25 mil, just the 'top-up' of $3mil.
The large funding for MONO has not been a problem to date for our local cousins, NOR for the Global Giants! What's the deal folks....
This funding from other sources will set wheels in motion, and as soon as our AGM is over...
We are in the 'SaudiArabia' of Coal ... We have the expertise in Staff / Team, with self interest ... At present, we have some large seams, that haven't even been drilled to depth / bottom! Noble in Newcastle are down 150metres in one of their mines, to where their coal starts.
Who knows, Win/Pea have a few other licences around Mono; maybe we could be in the running for j/v or other arrangement. I reckon it's great to be involved with these guys!
Cheer up folks, we HAVE coal.
Cheers :)
CEO Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
