sounds like an r&d deal is close...., page-11

From memory (someone may wish to check the balance sheet to confirm) accumulated losses to date are circa $25m, which provides some early relief in terms of after tax earnings/cashflow. Lets hope this is chewed up quickly!

Incidently and whilst on the subject, I was thinking about the potential for an exclusivity deal. If a mining Junior finds something interesting on a project, a major looking to farm in can structure a deal that involves the reimbursement of expenditure / drilling costs on the project to date, among other terms. If we use accumulated losses as a proxy for costs associated with research/development of Mixngo to date, would it be appropriate to surmise that an exclusivity deal may involve an upfront payment such as $25m? Of course this number could be anything (including zero) but an accumulated loss figure may be an appropriate negotiating point.

Of course I am only speculating to pass the time and generate discussion, as such this is all IMHO only

Good luck to holders