After two years I have recently left Argonaut and am currently on gardening leave until I start my new job on 9th August. MMI is one of my favourite speculative stocks, and working closely with Matthew Keane (who has a 44c target price on them), I am comfortable with the upside potential from current prices. The analogy the guys used in the office was that of BC Iron before it went nuts after the market finally believed in the story.
I have also had a presentation from a world renowned expert in Bauxite, and I feel the risk/reward is to the upside. MMI if they can get this apparent simple operation right are likely to provide 300%+ returns over the next 2-3 years. Here are my other portfolio picks put together over a few beers, but from 20 years of hard work.
MMI Price at posting:
15.0¢ Sentiment: Buy Disclosure: Not Held
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