MGU 7.69% 1.4¢ magnum mining and exploration limited

Ann: Acceleration of Buena Vista Project Production, page-91

  1. 793 Posts.
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    I have to disagree with you, and it will be interesting to see who is right.

    if you actually look at the current market cap, it's well under the value of what is ahead, estimates are around $25m to restart Buena vistas DSO project, and the current revenue from 500,000t per annum, which would be the INITIAL capacity is $67.5m USD

    now think about the trading volume over the last week, the market has woken up, and the spring has been let go, all they have to do is throw in a few more tangible announcements and beyond 6c, the next resistance is 10c, then nothing until 20c and beyond...

    50mc is a modest estimate of where this should be without any further news, if you wanted to count in any of the himselt developments, then you can triple that, especially considering both sides of the bench, both democrats and republican standing in unison to support the Appalachian project.

    then you have the announcement alluding to the US dual listing of Nasdaq or NYSE.

    I think the market just can't ignore management and their progress anymore
 
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