michael kiernan really needs our support now, page-12

There is a chance that the Mt Magnet deal will fall over as MON dont have the $10M needed to finalise the deal.

If this happens MON will only have Mt Ida with just 100,000 oz resource. The trucking costs of the Mt Ida ore to the other "undisclosed" mill will be horrendous if its as far as 200+ km each way as one HC poster said. When you look at the debt to TTY & IRL (maybe $23M) and the $20M TTY has put into MON shares it looks pretty grim for TTY getting its money back.

Of course what may be happen is TTY will put up the $10M to finalise the Mt Magnet deal plus more money to get Mt Magnet in operation. I wonder what TTY shareholders will say about this?