as i intimated last week, with a MC of $5 mill and (apparently) FMG still participating in the agreement with a new Director in charge of mining tenements etc, to think that a minimum MC of $25 mill is ultra conservative IMO.
Depending if you're short or long, i believe Disallowed is being ultra conservative.
There are dozens of "penny dreadfuls" in the market with MCs of 100 or 200 mill that don't have deals with one of Australia's biggest, most profitable and most successful miners.
I'll await other replies and your own opinion as well
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