glencore buys peruvian copper project, page-3

And lets just keep in mind for Los Calatos we are 23,000m into a 200,000m drilling campaign....just over 10%.

So MNC on existing resource is trading below fair value based on this transaction. Essentially buyers at these levels are paying nothing for exploration upside and nothing for our 5 other projects....not a bad deal.

I expect MNC to be back over 40c within the next 2 months. Go back and look at the BHP and RIO charts post announcement of rent resource tax. Neither of these stocks bounced back immediately but both surpassed previous highs within a few months. I expect MNC to do the same.