i am wondering, why the interest of Marenica in hotcopper is so low.
Think about, Germany today looks like over 2 mio shares.
We have 16 new mineralisation-zones!
I think AREVA is a little bit in hurry now!
We have Sprinkbok results in a few days and the resource-upgrade in the beginning/mid of februrary!
Look the trades at ASX yesterday.
There are very much 300$-orders.
Do you think this was a housewife-investment-club?
Not for sure! Theese orders are from big investors.
They want a big in, without raising the sp.
Take a look to the Resource at now.
We have 38.6 mlbs.
In my sight this must be a sp of 38c, if AREVA want to get Marenica.
So lets calculate a little bit:
The last upgrade has been 39% of the new potential.
Before we had this upgrade, the resource was 33.8 mlbs.
39% of the new drillings are 4.8 mlbs.
So if you calculate linear, 100% are 12.3 mlbs.
So we have to expect a resource of 46.1 mlbs minimum.
In my sight this must be a sp of 45c!
BUT!: if you read the last anns, you know that the management said, that there is a big surprise of the last drillings.
So I am very happy in waiting for the upgrade
AND, this calculation is without Springbok-results!
Calculate yourself what does this mean for the sp.
So we are riding a big rocket...
But i think, the interest in MEY will be higher, when the SP is about 25c.
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