MGO 0.00% 14.0¢ marengo mining limited

multi billion lb deposit comparisons, page-5

  1. 180 Posts.
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    Hi Maxcha

    No problem. I am not that familiar with CDU so really can’t comment. Must say I am disappointed by the Aus investor’s reaction to this announcement so can only hope that she does move up over the next several weeks. MGO should receive some good press in the ensuing days which hopefully spark a little more interest. Typical Aus investor.

    This project is sure to now appear on the radar of many majors around the world given the resource size compared to the relative market cap. 200 Mil dollars is chicken feed for the majors currently flush with cash and eager to secure large, profitable long life mines. 200 mil equates to $1.25 a share. Remember the mineral envelope is considerably larger creating significant upside over more than 1 bil tonnes. Even 200mil is very cheap.

    Huge upside. Good luck to all.

    DYOR
 
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