Franky, I agree with your analysis but I must reiterate that grade is just one aspect of the economics of the project. Factors such as depth, strip ratios, capex, opex, geological characteristics etc are also important when trying to come up with an economic evaluation of their projects. Have a look at projects from stone gate agricom, bayovar, etc...their grades are much lower but due to favorable economics, their market caps are high.
I am also expecting a move to 70 cps initially and then much, much higher when resource numbers get delineated and released. Junior plays also need solid market promotion to get the word out..management seems to have the calibre for that and to further the project. Also good to know that they hold a substantial part of the issued shares.
MNB Price at posting:
44.7¢ Sentiment: Buy Disclosure: Held
