Ann: Cabinda Phosphate Fertilizer Project Funding Update, page-119

You have to laugh at talk of efficient market theory when it comes to smaller caps. I've mentioned LKE in the past as an example of that.
LKE has now dropped 98.6% from its peak, taking its valuation from several billion dollars to now $61mill - just above MNB's mc.

Is the market right now with LKE? I don't know.
Was the market right a year and a half ago? I highly doubt it but it must have been very, very wrong at one of those levels.

Is the market right now with MNB being sold down to 5.3c? I highly doubt it and we might find out in around a year by how much it might be out by.