Re your thumbs up/down comment. When the thumbs down details were also being shown I might have been +1 with 12 thumbs up and 11 thumbs down. I don't mollycoddle around. Basically people either like what I post or don't like what I post.
That's life.
As you mention IGR. Yes, I could be wrong. If IGR's production forecasts and cash costs turn out to be similar pie in the sky to what MUN's have so far been. But I doubt it, because IGR have a large quantity of HIGH GRADE open pittable near surface gold. It's a completely different type of gold mining scenario to MUN.
If you want to laugh at US$2,500 gold or US$5000 gold that's your prerogative. Should you choose to bail out of all gold shares near current gold prices or at US$1500 because you might believe that gold is in a "bubble" that's also your prerogative.
But I certainly expect the gold price to have a 2 in front of it, and potentially go much much higher than that. So do some serious analysts with a proven track record of success.
As for being "laughed at" well, I couldn't give a proverbial. Similar uninformed people were laughing at me when gold was around US$400 and I was posting that gold was going well over US$1000.
That's life.
By the way, I'll add something more relevant about MUN here. I noticed in the Chairman's address to shareholders the following:
"Engenho was initially acquired to provide a cash flow to develop other assets..."
Need we ask why MUN went into debt late last year and a further $5 million into debt this month?
In case there is a lack of comprehension, "How successful has Engenho been since mining started more than a year ago in providing that cash flow to develop other assets?"
MUN Price at posting:
29.2¢ Sentiment: None Disclosure: Not Held
