MINRES MCap has gone UP $1,050M since the POS LJ project purchase for a pathetic $15M cash.
MINRES has $1,400M cash at bank
The LJ project could be worth up to $4,000M to MINRES just like Nova is to IGO now.
LJ has the same size MILL as Nova 1.5MTpa
LJ has Li unlike Nova plus Ni and has 2 high grade mines at EA & AR at over 4.1% unlike Nova at 1.9% grades and dropping.
MINRES has a NI & LI HUB combined and the power and muscle to restart "turnkey" LJ fast and cheaply and make $Billions from it.
I expect a QUID PRO QUO from MINRES to POS as they realise the fortune they have made from POSs LJ assets.
POS has secured its financial future and last time NP was at 8.43 POS SP was at 4.3c not 0.6c.
The market ignores POS but didn't ignore MINRESs purchase of LJ from POS.
I expect more deals with MINRES and more cashflow from them,
MINRES OWES POS BIG TIME imho
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Open | High | Low | Value | Volume |
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31 | 56825987 | 0.002 |
15 | 34378697 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 36349539 | 48 |
0.005 | 28640183 | 17 |
0.006 | 9266341 | 11 |
0.007 | 1644708 | 7 |
0.008 | 1800000 | 1 |
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