What a disappointment this has been, page-3

MRP was 40-50cents 3 years ago when silver price was US$30/oz.

MRP has deferred Final Investment decision indefinitely until the silver price picks up. MRP always intended to use project financing as their funding source as not to dilute the equity. Considering that the Chairman of MRP is the largest shareholder and that the 2nd largest holder is hedge fund that specializes in project financing for the resources industry, project financing is the obvious funding path for MRP. Unfortunately you have to hedge a certain amount of future production to get the project financing started. Hence the challenge, hedging results in forgoing upside.

Proving up the gold resource is fine strategy and continues to improve the economics of the mine. The recent drilling looks promising, I think anything better than 1.8g/t au yields is good.

MRP share price will only kick off when get a significant rally in the silver price e.g high 20s.