You are correct. However upon any transfer the restrictions would still apply upon the expiration of the escrow period.
In so saying, I doubt MLM would accept any price for it's shares south of $2.00.
After all, they know what they have in the ground from historical drilling results (these too are in the Prospectus). They are basically now just drilling more holes to get more confidence of the resource and in turn eventually get to an "Indicated" JORC.
It's all in the Prospectus for anyone that is interested.
:) Nic
MTE Price at posting:
70.0¢ Sentiment: LT Buy Disclosure: Held
