"I hope you know something Chuk!!"
Others are doing the buying today.
It's not surprising to see some profit takers with the price up 10% but tomorrow is another day and this is now trending up again. Another 10% up tomorrow would be great to see.
Some of the things I know are;
On my numbers, MNB's share of the phosphate project is going to be worth at least $350-400mill.
Current market cap is $58mill. I also believe that production is very likely to be next year as guided.
Even after allowing for further dilution on the equity portion of the funding from the Sovereign Wealth Fund, that's offering a lot of upside potential in under a year. 20-30c in a year is realistic if in production next year at stage 2 scale.
