Ann: CYL:Tandarra Project Drilling Commences & Four Eagles Update, page-3

CYL are going to drill 3800m on part of Tandarra as part of their 51% earn into EL4897.
NML has a current total MV at just under $7.0m.
Notwithstanding the potentially company making activity at Irvine, the cash at bank and the govt drill grant, the 49% of Tandarra must be worth multiples of the present company MV. The last report from CYL had a modelling shot of the proposed mine at Tandarra and now they are drilling at 25.0m centres? Does that sound like a project thats firming into an actual mine? They have to spend a heap of money yet by Sept next year to keep their 51%, will be interested to see how they do that.

I'm also very optimistic about the Irvine drill results, hopefully we will see the first of them sometime this coming week although drilling will continue on new holes until sometime in June. Was hugely encouraged that the samples of reef shown at the ExGM along with the announcement references to visible gold in some drill core, we have come a long way from a years ago when ppl were claiming no gold, drilled before etc etc.
Just goes to show how cheap talk is.
Wouldn't it be something if we ended up with interests in two major gold mines. GLTA and DYOR.