This is the first MoU. All other announcements around Sandstorm...

This is the first MoU. All other announcements around Sandstorm funding, Ausdrill, GNG, were based on signed commercial contracts.The talk of Iron Ore DSO prospects were empty promises with no 3rd parties ever named to the market. So in the last 3 years - this is the first MoU.

Rubbery timeline? The jury is still out on that one.

It's hard to raise capital on the back of a drill campaign and then once the dollars have been banked, back out of it. Those that took up the shares on offer were obviously willing to back the drilling.

Operating costs are always going to be an overhead. Your damned if you do and damned if you don't it seems. There's criticism being leveled at TJ for attending investor presentations but I wonder what criticism there might have been had he not been attending these investor presentations? There is a lot to be said for the effort going into the revising of the Mine Plan, the MoU with GNG, the public coverage of the proposed project and the absolute smashing gold has taken in the last 2 years.

71c4 - you are allowed to be negative just as I am allowed to look beyond the resentment of previous mis-management and concentrate on the fundamentals that are unfolding.No funding in the next 4 weeks - I am gone and will join you in the sidelines cursing yet more broken promises.

Until then I remain hopeful that my decision to play the long game on MYG provides me with a chance to make money out of the Deflector project.