Put to a vote and the top 20 hold over 50% SOI. A lotta sway....

Put to a vote and the top 20 hold over 50% SOI. A lotta sway. Ultimately will shareholder sentiment favour liquidity and a lick of profit or the long-term potential of Mt Bundy?

Something had to give, the assets and work to date are worth a helluva lot more than current $MC.

Worth noting that flagship asset Mt Bundy is not your typical NT exploration story tangled up in red tape. From my research it is further advanced than many might think. Mining operations have already taken place here in the past. The company has also already been granted two of four EL's. You can follow these here: NT Mining Environmental Reports (PGO last lodgement for Quest 29 Project Area in Jan 2017)



Point being, I believe there is a lot more value in Mt Bundy than many are banking on. And whoever the bidder is knows it. The SP has been belted down even with the POG improving substantially higher than what has been budgeted at Coolgardie (at first a cashflow initiative to avoid immediate raises and possible dilution to existing shareholders). And Mt Bundy is, in my opinion, being naively dismissed by many as 'too hard' to be worth much.

Do your research before potentially letting this go for a song.

– Alby