1.5 billion coal project, page-4

either the mnm sp is being deliberately held down for accumulation purposes, or the average punters who have been spooked into giving it away for next to nothing are just plain clueless.

meanwhile what may turn out to be a once in a decade buying opp remains there for the taking, but for how much longer? it is unbelievable that mnm directors pouring hundreds of thousands into on market purchases recedntly is still not a heads up for some holders.

the $1.5 billion qld coal sale was announced by linc energy last week. even if mt mulligan ends up being valued at only 10% of the linc resource, a $150 million sale would see a $3 per share cash backing for mnm, and it still holding a potentially lucrative (as in billions in future revenue if the mak spruikers are right as to forward phosphate demand) play in the NT.