Ann: Acquisitions in World Class Mt Read Volcanics Belt Tasmania, page-35

you have to pay to explore it, assay it, map it, jorc it, and mine it. add the new project into the ongoing works at other projects and you have a pretty impressive cash burn rate that may not deliver. That being said it may deliver in spades, but you'll have to spend the money to know.

the MC isn't too bad, a cap raise wouldn't kill it. they could effectively double shares on issue if it gauranteed a mine at the end of it. However, they are sooooo far away from production on any of there projects that cash flow positive is a dim light on the horizon.