Ann: Funding of up to US$45 million for Los Calatos-MNC.AX, page-56

I'm with you dutchy. MNC share price was once 57 cents, yes certainly overvalued and I was never expecting values like that again. As I said in a pervious post, it is the one with the money that has the control and will be the winner in these deal particularly in the current climate that is not inducive of good deals for junior explorers.

But Union Jack and bluebottle are happy. In 5 years or so MNC will get 30% of $200-300 mill. That is $90mill over 4 billion shares or putting it another way, MNC will be getting a on time injection of 2.25 cents per share. Tell me how this will drive the share price up, it won't.

In my opinion it would have been better to have LC mothballed, particularly as copper prices are depressed, until some time in the future after the Columbian project is up and running. The cash flow there could have potentially provided the funds to complete the feasibility and given MNC the opportunity to get 100 % of the $200-300 mill which could have then been passed on to shareholders.

An opportunity given away/lost. Just need the gold price to stay strong, but with MNC track record the gold price will have tanked by time they get Columbia up and running.

Thanks for your insights UJ and BB, I am jumping over the moon with excitement and waiting for the share price to rocket.