Reading this thread this morning it is clear that despair has...

Reading this thread this morning it is clear that despair has started to set in. Perfect time for some contrarian purchasing. Yes MNC will need to raise capital - I'd estimate it could want 50-100m over the next couple of years. However LC is a great asset that will be shown to contain a minimum 7mt Cu while Mallacas can provide a cash flow bridge that assists MNC to fund a DFS and infill drilling (estimated cost $300m). MNC management have done a sterling job so far (although in retrospect they would have liked to raise another 20m at 38c) and, ignoring the SP for a moment, the company is progressing well.

Against this backdrop the options look a steal. I held a few hundred thousand which I sold (somewhat luckily) at 25 and 26c and I can't help feeling buying them back at or under 3c and is well worth the risk. I see no reason that the SP won't put these in the money before expiry. DYOR but remember fortune favours the (contrarian) brave.