Masbate Gold Article, page-3

  1. 22,770 Posts.
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    @BentleyBoy I agree

    The MICC is set to lodge their recommendations with the DENR in March. I expect they will move to overturn the ban on open pit mining, whilst at the same time implementing more stringent mining standards - to Canadian or Australian standards as we’ve seen them start to

    Mabilo was next in line for an MPSA before Gina’s appointment, needing just 1 final signature

    So we need:-
    - ban on open pit mining to be lifted
    - fix issues with E079
    - reach settlement with Eric in arbitration
    - Mabilo issued an MPSA

    Mabilo would be a cash cow at current commodity prices and being a DSO deposit

    Panguna is obviously the monster and what funds were raised for, however Mabilo can still provide significant upside
 
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