Ann: Cleansing Notice - Placement, page-6

From the link:


MBK remains one of my preferred emerging junior gold companies. A recent $2.86 million rights issue has seen the share price correct. But drilling has recommenced at the Triumph Gold Project in Queensland. I retain my view there’s scope for about 1 million ounces to be discovered during the next 12 to 18 months. A speculative buy. The shares were trading at 2 cents on November 23.

So no explanation why there would be scope for 1 million.

Is it two or three drill programs already and they have jorced nothing.

There was nothing economic down deep so they have finally re-focused on drilling to find some small shallow pits.

Could have bought the Norton mining lease from Mantle Mining. But that has been sold to someone else for half a million.