MYG 0.00% 78.0¢ mayfield group holdings limited

Hi RFC, Did the camp building lease and construction of the last...

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  1. 2,194 Posts.
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    Hi RFC,

    Did the camp building lease and construction of the last ball mill design and installation both have an MOU?

    Not rubbery time frames? According to stated MYG timeframes gold should have already been produced from 2010. How much more rubbery do you need.

    It would be nice to see MYG get finance but how many gold hopefuls have received finance in the last two years, the ore body is looking good but that good? I speculate it needs more drilling to increase the reserve.

    On operating costs, if you spend the money on critical path items you will reduce your operating costs directly by reducing the amount of time it takes to get a resource that is bankable. MYG have had the funds to drill out the resource probably 5 time over and have gone off on shareholder value destroying tangents. And still are.
    If the resource is there and is drill out to a point that is compelling value the share price will follow which allows money to be raised, limiting dilutive capital raises + finance.
    These guys are either trying to make a legacy for themselves by drilling off the ore body which nearly always ends in tears or they know there is no further extension to the ore body and are not releasing the drill results which show this to the market which is common practice for exploration companies. "Just don't tell them anything" should be one of the mottos for exploration companies.

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