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14/10/21
01:08
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Originally posted by blister:
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thanks for the response. well i'm in as of yesterday, with an eye to build a bigger position as a learn more and the story unfolds. While normally i'd um and errr on it for a while while a wait for a clearer picture, the 11-12 million market cap is well below any conceivable valuation of the current operations, even though maddington is only now proving to be viable..... its beyond me how its gotten so cheap as there are green feild mining companies with literally nothing at multiple higher MC's. in this, yes its a gamble to an extent, but my belief is any indication of further positive news and it won't take much to start seeing this well above 50M mc....noting thats still below gingin's paper value.
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I believe you won't regret it. i write an updated research notes on M8S, will post it here next week.