merrill lynch valuation at 9.80, page-28

Surfie

Exactly when did this 9.80 come into effect for MMX .

Not 2012 i hope.

I have already done the numbers on this and you are all way over calculating. See previous posts.

The market has it wrong with the annoucement and the fundies know this. It give MMX $150 million for half the mine, this is confirmed. Nothing more is confirmed. Its is subject to performance of company and mine.

The rest of announcement is project costing over life of mine, to stage of getting returns they both want and expect. Share price is way overpriced for this stage of development.

MMX will be $10 in 2 years time but not NOW. You are just plain greedy to think it will happen NOW.

To prove the point.

Watch very soon for the ''change in sub holdings from Merrills''