Hi dnbuck,
I note your post earlier regarding MNC.
I crunched some numbers throughout the day for relative resource valuations.
At 40 cents (DD Buy Recommendation) MNC's EV per CuE pound is well over double that of MGO.
This is based on MGO's 2008 resource and does not include Au, Ag or Re credits, or MGO's imminent upgraded estimates. MGO is far more advanced in terms of resource definition and project progress.
Good luck to MNC though. Looks pretty robust - even though it only owns 72.6% of its project (moving to 100% for about $80 million in stock).
Good fun trading MNC today. In .385 - Out .395. In .365 - Out .38. In .39 - Out .395. I suspect that sort of activity represented 90% of all MNC transactions today.
Cheers.
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