why are mmnob 2c with mmn at 4c, page-4

Say silver goes to $50/oz and MMN get there act together and start producing at an economical rate and SP of MMN goes to $1 some time before expiry.

MMN Cost 4c. SP = $1. Profit = 25 bagger. IE $1000 = $25,000

MMNOB Cost 2c. SP = 92c. Profit = 46 bagger. IE $1000 = S46,000.

BTW if you think that those figures are absurd, MMNOB example I gave here is exactly the price I paid and received with some AYO ops (now AZZ) about 9 years ago although ex price was 35c and AYO was trading about 16c with shorter expiry.

Long time between drinks, hey