I think they got around a $7 M placemnt a few months back at around 21 cents so MWE is not hurting for cash
The greater than 50,000 tons copper in JORC they hinted at in the Annual a few days ago is still too small if under 100,000 tons IMHO as infrastructure roading hyro power, SAG mill etc is going to be the question and will cost much the same even if tonnage is an order of magnitude bigger.
I didnt like seeing the MD getting over 400K in sallary (including options) seems to high for a small cap miner for a MD to get that type of pay.
Big drop in price today wisdom would say sell
MWE Price at posting:
10.0¢ Sentiment: Sell Disclosure: Held
