what's next...?

I was hoping that Opaldigger may have some feedback on the question/title of this thread?

Judging by the announcement of the recent placement :

"Funds raised will be used to advance the continued investigation of the Paralana Mineral System in
the North Flinders Rangers, together with the company’s other tenements, and general working
capital."

In light of the Hodgkinson drilling results validating the computer modelling released last August, and hence an assumption that the 33,000t of U308 at Mt.Gee is accurate, would it not make better sense to start metalurgical tests on the Mt. Gee deposit and get that whole resource in a position to "go", once the inevitable winds of change sweep through the Aussie U industry and permit new U mines?

It doesn't sound like MTN are looking to advance the now factual deposit at Mt Gee, but rather are looking to drill other resources in the POS over the coming 6 months.

Perhaps I am wrong, but that placement announcement has me a little concerned at exactly what is going to be accompolished by the time the next Cap Raising is required in 9-12 months?

Is anyone able to shed some light on my thoughts?

TIA

MisterMoon