3wly chart basing pattern, page-19

Uturn,
The chart is looking good isn't it.
The 7.3c to 56.5c rise in a 2 month period in 2008 shows how volatile MNM can be ( it dropped to 7.1c over 4 months following that peak)

It dropped to around 3c during the gfc and has gapped up on the 16th Sept' and is trending towards 8c in two months. The 16th Sept saw over 10m shares traded which is high volume for MNM due to the relatively low number of shares on issue ( about 120m) so with supply falling and demand increasing, any news in the next 2 month period with a hint on the positive side could well see the 33c hit within a week of trading from when it next gaps up.

I think it will be tough to get back to the peaks of 2008 within 12 months but there are several projects that could individually see it level up around the 33c with subsequent project announcements increasing the share price higher.

Current market cap only about $7m which is probably about a quarter of where it could be expected to be. At 24c, the market cap is about $28m, or about a 300% increase for those prepared to take on assessed risk.

Large phosphate ground in the NT, two major gold targets ( one already JORC), both in historic gold fields, a remote chance of Uranium value and a very price sensitive announcement due some time about the Mt Mulligan CBM and coal project. Downside risk ( maybe 40%), high upside reward ( maybe 300%).
Fits my criteria.