Interesting timing for a raise however in this very nervous market with future picture very cloudy it makes sense to shore up the funds, especially if MGV sees significant drilling ahead.
Thinking aloud, I'm thinking RMS would like to get in on the action and take a strategic placement/stake - like WGX, they have a mill that will need feed in due course just 40-50 km away. One issue with this however is that WGX may not take kindly to MGV getting into bed with the enemy.