It was an intial 5000m with an option for another 5000m by issuing shares to the contractor which would've resulted in more dilution
• Diamond drilling programme on Flagship Roe Hills Project has commenced to test major Nickel Sulphide targets with an initial 15 hole programme totalling 5000m.
• The Company may extend the planned programme to 10,000m (at a discount rate on all metres drilled if extended) with 25% of the cost to be satisfied by the issue of MPJ Shares upon completion.
MPJ Price at posting:
0.5¢ Sentiment: None Disclosure: Held