70K odd Oz is not going to drive the company forward ..........
lets hope that management can do some sort of simple deal, whereby:
1. new player funds the capital for a small mill / CIL / dore plant
2. MCR receives some cash in exchange for some of the resources.....AND
3. MCR then has some rights to toll treat other gold ores throu said plant ........
this would ensure....
1. lessens the probability of cap raise (see PAN / WSA for examples)
2. provide an opportunity for a small player to build a modest gold business
3. given the scale of MCR's dirt position - retain the (likely) modest gold option
4. give any other resources a chance of being developed
5. preserve the Ni price option upside .......
rgds
V_H
MCR Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held