MNB 1.89% 5.4¢ minbos resources limited

Adding on to this, it's very hard to convince the market that...

  1. 489 Posts.
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    Adding on to this, it's very hard to convince the market that you can raise fund for the "unicorn" project, when you have a project that is supposedly VERY CLOSE to production with an NPV several multiples of the current mc.

    You just can't. It doesn't make sense when you can't raise a few dozen millions USD and at the same time expect the market to buy in that you can build something magnitude bigger than this project.

    So I think the upcoming funding news is almost a make or break news for this company, at least in short to medium term. It's simply critical, not only for this project, but also a direct hint at how "plausible" future projects will happen.
 
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