G'day guys I tend to disagree, mmn to me has already broken out a move above 15.5 would give us a nice ath. As for the silver price, a aus$10 gives a valuation of 10c a share (47.7m oz) aus$15 gives 20c valuation. Price in US$ doesn't mean much except to the rest of the investment world who will be inclined to buy silver, when various levels are achieved. So currently mmn is well ahead of the price of silver, but this is quite natural. mmn is highly leveraged to the price of silver. If silver achieved the equivelent of the 1980 high of us$150 (todays dollars 50 back then), which it should easily do in the next 5 years or so, even with a drastically altered exchange rate mmn is set to reap the benefits. Still opportunity for expanded resources as well. cheers Rod
MMN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
