heads are a bargain... OB's are pretty fair value (if not overvalued). heads haven't been past 4.5c in the past 12 months, OB's have a strike price of 5c in less than 12 months...
I'd love to see this fly as much as anyone (and I'm glad to see that they are working on longer-term options as well as shorter term) - but the heads need to move well before the OB's become 'value'.
The most interesting part of the ann for me was the picture with yellow and blue lines on it outlining the tenements. Pretty much clarifies the discussion EB (and others) have been having around the % of revenue we get from Panga. the map shows it is not part of the El Roble project that MNE has an option to acquire (68%) - hence the 5000t/m production agreement is completely seperate (i.e. MNE get 90% of revenue, not 68% of 90%).
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heads are a bargain... OB's are pretty fair value (if not...
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