Comparing the Pt and Pd values with that of the Siberian mine and others around the world, looks like MMB is on a good thing. Really tightly held stock so on news in Q3 for reserves it looks like it could really press quite high. I noticed none of the broker reports had any details of expected market cap or share price targets? Anyone got any predictions based on any sort of 'evidence'. I think they were looking for 800koz of Pt/Pd for initial reserves, but at $300USD/oz = $240mUSD or around $300mAUD that is hardly significant revenue for a company with a MC of $74m considering we are actually after earnings, so me thinks my a$$ plucks are grossly inaccurate. Any takers?
SF
MMB Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held