"Capitalised exploration and evaluation expenditure relates to expenditure on the mineral projects valued by Agricola, with the exception of $591,133 in capitalised costs related to the Norrliden Project. Agricola has not valued the Norrliden Project on the basis that, whilst the Company has achieved the requirements for a 10% earn-in with the Norrliden Project, the Company has not yet been legally granted an equity interest in the Norrliden Project."
is rather odd imo given the highly likely material nature of any trade sale (noting MRQ has agreed with Mandalay that it'll be 50/50 after netting off what MRQ is still required to tip in to earn 50%).
MRQ Price at posting:
0.5¢ Sentiment: None Disclosure: Held
