MTN is out of control. It looks like the bias on MTN is gradually disappeared. People start to associate MTN with SMM, NEL, and EME. Still market cap. less than $200m, less than $3/lb resources, still the cheapest one amount the major juniors.
Funny to notice that NEL has the same SP ($3.25) today, and similar market cap (with much less cash $2m vs $8m though). but has less than 1/3 of the uranum resources (NEL 9000t vs MTN 31,255t).
Simply apply NEL's valuation, MTN's SP should be over $10!!! It explains why the steady and continues upwards of MTN's SP.
Another good thing is $8m in the bank will keep MTN running for a couple of years without dilute the share base.
I guess for whoever still not on the uranium express, MTN is still waiting for them on the station. But time is running out....
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