The MD of MCO said in a BRR interview that $30m and corrected himself and said closer to $40m had been spent on equipment and refurbishment of the mine. So when I said "How is buying $30m worth of mining equipment and a refurbished mine for $3m a bad deal?" you are right, the truth is closer to $40m but I try to keep figures conservative.
MNM Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
