G'day Stolwyk.Warm greetings, hope the health is getting better...

G'day Stolwyk.
Warm greetings, hope the health is getting better & thanks for your perspectives in posting your personal conclusions with SMM, always appreciated.

A request if possible, would you mind posting your conclusions of current assumed fundamental value of MTN using the same formula you have applied to SMM in previous posts.
Short-term pessimistic values are most encouraging to say the least.

To consider;
-JORC compliant U308 resource of 33,200 tonnes, (73.192m lb).
-Drilling program to begin by month's end.
-S.A. location, legislative importance.
-Location to infrastructure, eg Beverly mine 3km away.
-Cash $3.7m + highly leveraged capital structure.
-Prospectivity of U tenements + rare earth value to be left aside for the time being.


Many thanks, warm regards.
: )



P.S.- NDO views remain unchanged, will post a current opinion after Galoc impact statement & SC5X confirmation, all good, still remains our primary by a long shot.