Matteo. The main hold up for MNC has been to get control of the unlisted hampton mining .Mnc up till now control 36.5% of Hampton but as reported to the ASX have the option to go to 68% ,THAT OPTION IS ABOUT TO BE EXERCISED ANY DAY and is being backed by some serious investors who have been on site recently in peru and chile . I will get to the main game but as reported to the ASX last week the 4 other projects in the company are all first class resource and exploration projects . CDU capped at $750m ,very good results but needs really good resource to justify the market cap. SFR excellent drilling results capped at $400m (companies around it who have nothing have market cap.of $50 to $100m ) .I forgot 1 other of which i am a very small holder is RXM ,good discovery and will prove up a resource . MNC has a JORC compliant resource of 260 m.t at a copper equiv, grade of 0.74% ,higher grade than the neighbouring monsters ,all open cut . GOOGLE EARTH TOQUEPALA and just see how massive these things are ,this mine can produce copper at a 0.13% copper cut off grade ,very profitably 4 BILLION TONNES and LOS CALATOS has a great chance to be just as big .These copper porphyry mines are lower grade than the australian mines but are massive in size and cost of productiion cheaper than aust . As said THIS IS PART OF THE PREMIER COPPER BELT IN THE WORLD .I see LOS CALATOS being a massive resource and MNC being worth dollars a share .IT IS REAL and CONTROL NOW READY TO GO ,DRILLING TO START ANY DAY ,THE UPSIDE IS HUGE .
MNC Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
