With good grades and up to 15 000 mt per month of high grade ore probable later this year then 15c - 25c (approx. $60mn - $100mn mkt cap) is more than possible for a cash generating junior.
If you do think that range is on the cards then maybe you will find the OBs an interesting punt as well.
5c strike and expiry in June 2015 plus they still exhibit some decent leverage.
Personally I hold only OBs as I could buy more than 4 times more than the heads for the same investment.
EB
MNE Price at posting:
2.9¢ Sentiment: ST Buy Disclosure: Held
