RE:Moroy, may she rest in peace,,,,One final post then I'll leave you to your day of glory.
This quote about covers it for the Moroy news....and the author is right...remember it for your mining investment in the future. Complements of the IKN Blog.
“The IKN First Law of Mining News Releases: Considering that anything contained in a mining news release is presented in the best possible way for the company in question, any piece of information contained in a NR that comes across in any way negative means the real news and/or events behind it must be very, very bad indeed.”
This news release reminds me of the news release that made me sell Metanor 5 or so years ago. Which also happens to be right when Iluv and Team E was buying in for the first time. Metanor Management said they were looking into mining a then fully permitted Barry. Then 3 months later let the permits expire. That was it, I was done.
Today they announce drill results then slipped in that Moroy is finished. Granted the reason is economical but didn't I mention the cost of everything is going up and low and behold maintaining Moroy in it's current condition was getting costly. Sidebet, I think this finally puts the final nail in the coffin for your beloved Moss deposit also.
In case you haven't noticed they are stripping this down to bare bones to try and save dollars and get this to production. Which is more then I can say for MAPS predecessors. The Moroy move may buy them another couple months before a financing is required,. Maybe the share price increases so they don't have to dilute as much. It's a big hill to climb and MAP is in the early stages and there maybe more pain. I wish you all the best but it's going to be a long long journey.