I think the finance is a done deal,the only question who or whom. JG again on Tuesday indicated that MYG had more irons in the fire.
Looking at the 12th June announcement on the upgrade, it seems to suggest that at this time there is no drilling being undertaken, and we just awaiting the analysis of the drilling results released on 21st May.
If these drillings, result in an increase in Deflectors proven reserves, then there is no point in drilling more at Deflector, and burning cash.
Just my opinion trawling through the announcements. I have never been more confident after making my first purchase in late 2010, that we are onto something very special, but we must have patience.
MYG Price at posting:
7.7¢ Sentiment: LT Buy Disclosure: Held
