Ann: Drilling Update-MRD.AX, page-56

Mineral discoveries very rarely happen just overnight, the Sirius expereince experience should have reinforced that as there were many who thought they were wasting their time and going nowhere as well.
They were down to their last money and roll of the dice when they discovered what became Nova.
MRD has a heap of potential targets available to them, plenty of cash on hand to conduct the necessary exploration and with any luck they may soon be the only Fraser Range prospect outside Sirius to confirm the presence of massive sulphides.
They're severely undervalued in my opinion and have been for some time as there's still potentially a huge amount of upside for the company.