MNE 5.26% 3.6¢ metallum limited

another one that looks the real deal..., page-75

  1. 15,276 Posts.
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    SP3...

    Yeah...the good old days...how have you been?

    NDO was a nice earner...from about 1.4c eventually topping out in the 60's by memory.

    They didn't have much follow-through luck though unfortunately...in spite of early success in putting together a well structured corporate strategy and asset base.

    I guess thats the thing in the oil and gas game, so much potential to make huge dollars with decent finds...so you have to be in it to win it...but they also burn the cash exponentially when they don't have success!

    Resource plays can be a similar beast, but the burn rate at the discovery phase is significantly less.

    Very happy with MNE to date...and I think gold is about to have another run in the face of QE mark whatever?

    The key is the potential value of MNE's recent finds...which I think has genuinely surprised the Compoany...could be anything?

    Cheers!
 
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