MNB 3.45% 5.6¢ minbos resources limited

I'd prefer not to find out but it is debatable that that...

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    I'd prefer not to find out but it is debatable that that scenario is already factored in to the sp considering the current market cap is $47mill and the project after tax NPV is well over A$300mill. That's a potential better than six fold increase if production begins on time next year.
    The market is very clearly not pricing production and first year's profit next year in to the current market cap.

    It's the old risk versus reward ratio. The market is pricing this at a high risk/high reward price right now. If the project financing runs beyond July, how much of that is already baked in to the 6c sp? That's difficult to say. What if it's only a few days late, what if it's only a week late, etc?
    However If the financing is on time and construction begins prior to the end of July, that is definitely not priced in so the sp should rally hard and fast.
    While risk has increased with the production deadline now being more important than the prior deadline, the increased risk has already seen the sp drop from 9c to 6c. I think that drop has got at least as much to do with the cr related selling than it has the added risk and if so, we should see a bounce back as that selling finishes.

 
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