Chocbloc 28/1/11 on this thread said:-
'True, but price earnings is per annum, they won't take all of their assets out of the ground in year one. Even if the margin for extraction is that good, and I am sure with brown coal it won't be, it will be a long time before it all comes out. I reason that total potential is fortescue like, but realizing it could take a long time. That said, I estimate a 20 bagger as soon as money is being made.
All IMHO and DYOR'
really choc? MNM a 20 bagger? 'fortescue like'? Wow. so now tell us what has changed so much for MNM's prospects to make it a 20 bagger in January and a sell at all costs dog in March? was it the successful BM trial that killed it for you? or is it just the fact that you have sold and want to buy back in cheap?
seriously, who thumbs up this kind of hypocritical dross? ESI holders? greenies? downramping accumulators? yes, yes, and, err, yes.
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