Hey quantum46, our market cap is ridiculously cheap. We already have a small jorc.
We obviously have a resource that will be shallow and openpit in about 6 different locations. Mindanao is the lowest cost per ounce gold producing area in the world as far as I know. Inrastrucure close by. Medusa will be $250 an ounce but their sp is getting whacked like all gold producers at the moment with a falling gold price. Some other miners nearby have a negative cost.
I like the photo of Tagpura North. Looks like the whole hill is a mountain of gold. Taub has high grade veins running everywhere. Then there is 4 other locations.
Unfortunately, it looks like we have a loose register. The volumes traded over mid October to mid Jan are ridiculous for a 100 mill share company and really is symptomatic of this market at the moment. Not too many longer term investors.
I have picked up some more in the 8 cent range.
I can wait this out.
MNE Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held