The value of anything is only relative to what you can get out of the ground.
Mollacas NPV $103M (2007 scoping study)
Vallencillo ~$11M (RNS purchase of Oz Minerals Laos tenements with resources of 730koz Au)
Los Calatos $250M value to justify current SP????
Brokers are like car and real estate salesman - they tell you what you want to here. Untill I see an independant valuation I remain sceptical that any more than half of the recent Los Calatos deposit can be mined. And don't hang you bets on an increase in strike length to this deposit the drilling to date has closed that off, so the only resource upgrade can come from drilling deeper - and that is an expensive waste if shareholder $$ in my opinion. None of the SA cu mines are going underground on 0.4% Cu dirt that I am aware of, the lowest is 0.6% Cu so that cuts the potential size down doesn't it?
Anyone want my shares, I'm out for a loss on this one before the rest of the world catches on to the clever marketing job that this looks like to me.
"Never let the facts get in the way of a good story".
MNC Price at posting:
18.0¢ Sentiment: Sell Disclosure: Held
