MAN mandrake resources limited

10.0%

2.2¢

Ann: 3D seismic enhances Lithium exploration, page-63

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20/07/23

09:36

Post #: 68880451
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Originally posted by MrFaargs: ↑

what i would stress as an ASN holder and someone will likely take a position in MAN in the future, is patience.. heres what MAN would need to do to be at the same stage as ASN as hence worth 200m (in theory)
reenter wells and sample all units
deliver PEA or PFS
reenter more wells to increase indicated resources (indicated is only 2km from well centre)
deliver DFS
choose technology and partner
do testwork to prove the process works
have lithium purity validated by third party
begin work on FEED

MAN secured the full extent of the project tenements 2 months ago, to be dreaming of a 10X or 1000X in the near term is very unlikely, ASN are 200m MC and vastly more advanced with more than double to cash on hand, MAN can follow them and take a few shortcuts but were still talking like 3 years before they are in the same position, 3 years to bring a project like this to that stage would be a miracle but its possible, but i don't think holders should be thinking these prices are like a temporary thing and they'll be at 40c in 6 months, like i said they've had the tenements for 2 months, ASN have been waiting on BLM approval to reenter the wells for 3 times longer than that

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agree, but i think the fast tracking from MAN will see time lines smashed.
To think if MAN can achieve half of what ASN MC is at the moment, we would be sitting on 35 to 40 cents now .
Easily achievable in the medium term , and that would be x 10.
Great opportubnity and relatively safe as houses in my opinion with cash being near MAN MC.
All the best MrFaargs
MAN Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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Last 2.2¢		Change 0.002(10.0%)		Mkt cap ! $13.79M

Open	High	Low	Value	Volume
2.2¢	2.3¢	2.2¢	$112.5K	4.969M

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No.	Vol.	Price($)
3	672163	2.2¢

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Price($)	Vol.	No.
2.4¢	695871	5

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No.	Vol.	Price($)
2	626709	0.022
4	1310000	0.021
4	1550000	0.020
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Price($)	Vol.	No.
0.024	315871	4
0.025	929514	4
0.026	1100000	3
0.027	200000	1
0.028	550000	2

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