Perseus mining operates in Africa. The market cap is now $3.8bill. Sp dropped from a $4 peak to under 25c. That's a much larger fall than MNB has experienced. From there the sp has risen more than ten fold again. Short term sp moves don't prove anything but can be fantastic buying opportunities - as long as the fundamentals stack up. Even the move from $1.50 to 25c was much sharper than what MNB has done but the PRU sp then rose 16 fold in three years.
PRU 20 year chart
MNB 4 year chart
There are literally hundreds of ASX stocks exploring in Africa (yellow dots) and quite a few Australian companies operating mines in Africa (red dots).
