10c mnm, page-10

'So what is driving this ? not that i am complaining'

if it isn't leak money then punters are placing bets that the Mt M trial in March will be successful.

500 million tonnes of thermal coal is up for grabs at Mt M. a conservative in ground value of that on asx peer comps is 5 times the current MNM MC.

so if you assume that success at trial is a 50/50 bet (a fair punt in a 2 horse race), the payoff for success looks very good. and anyone using a form guide knows that this is not a 50/50 contest.

even if MNM loses Mt M, the same punt made at 10c then switches to the possibility of a BM JV, which will also pay 3/1 or better of the current MC.

And if MNM quinella's both projects in 2012 it will pay like there is no tomorrow.

DYOR