Just checked out one of our neighbours Sierra Mining (SRM) which has a market cap of $82 mil.
They have recently drilled in very similar geography to us and drilled to similar depths of 100 metres. 7 drill holes. They were sucessful and are now on the up and up.
If we obtain drill results similar to SRM then we should have a substantial sp re rate. 80 cents would give us a similar market cap to SRM. Be happy to get back into the 20's though which I believe is more than likely.
Mindao and the fault line we are on is hot property and the most prospective for gold and copper than anywhere else in the world.
"It was never the thinking that made the big money for me. It was always my sitting" Jessie Livermore.
MNE Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held