Not sure what it is but there are some total pecker heads out there! I actually got the shares at the close at 8.5c and have been in again today at 8.8c and 8.9c. Some people have no idea! This share has 10 bagger potential written all over it over a nine month period. Even if it ceased operation tomorrow it would automatically be worth 25c on the resource value alone! There is so much upside potential in MMN and very little downside! MMN could cease operation tomorrw, cash in all of its investments and have $14M cash on hand which gives it a market cap of $27M or 50c per resource ounce or about $1.40 per reserve ounce! Now if you believe that silver's next stop is $30 by April 2009 then this is a screaming buy! Now with the news on the not too distant horizon still to come this stock could be 20c in weeks. We have;
1. Commissioning of merril crowe plant
2. Talley Ho initial resource estimate
3. Crusher upgrade completion
4. Leach pad upgrade and production update
5. NGG increase production from 12K to 40K oz of gold by 30th September.
MMN
macmin silver ltd
