I think its a great deal and a good time to top up which I have done.
I think they will drill the s...out of LS. Hope they do geophysics too to help drill site selection. However, the GM referred to in announcement, almost certainly will include large cap raising. Perhaps $50m worth.
With the size and intrinsic value of LS and their Chilean gold prospect (V.....??), amount of shares on issue are not much of an issue.
In my view MNC will get taken out in 12 -24 months for many times present value.
Do your own research.
MNC Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
