MNE 5.26% 3.6¢ metallum limited

takeoff!, page-35

  1. 347 Posts.
    Market needs some figures, otherwise it'll be round and round up and down..

    When MNE comes out and says their resource is worth X and its all systems go, then we'll see a sustained rise in the SP.
    Until then its anyones guess where we'll end up.

    Rough figures would suggest a SP rise of 0.032 cents for every $10M increase in their resource. that's based on the current 311M shares on issue, if they dilute again through CR then that'll change again, and of course they have to prove it, get all systems ready and mine the stuff.

    Difinatly heading in the right direction at the moment, good income from this may also supply funds to recommence operations in the phillipines aswell.

 
watchlist Created with Sketch. Add MNE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.