- Gold deposit acquisition from a Russian entity without the alluvial portion.
- NON BINDING agreement
Not too sure if this is a good thing for the treasury...bit i must admit that having a gold project in its stables is definitely positive for most juniors as it serves as a hedge. The capital injection needed for further exploration and delineation and the project start, however, is going to be a burn to its outflows. Management obviously thinks it can achieve this in light of its bottom line.
Key question in my mind is, if this is a significant change in focus from their flagship zinc project or if it is just another satellite project in its coffers?
Will be interesting to watch the next weeks trading.
MII Price at posting:
11.8¢ Sentiment: None Disclosure: Not Held