Hey Crypto, MHC looks *extremely* high risk. If you could pick up 10mil at 0.1c I'd take a punt, but at first glance has some issues:
- Current SP looks overpriced
- Long term barriers including locals, political issues stopping even drillljng from taking place
- If political issues pass, other uranium miners will start producing (it mentions its the third largest in WA) - and prob first two will take over forecasted market share
- Trying to sell Uranium to China if they are able to mine it, may be done at the moment but international agendas change fast on uranium.
- Relying on previous tenement owners data who got nowhere by the looks of it
- Not enough liquidity - even if you bought say 10mil and made 1000% - could you offload the stocks? I'm stuck with some large parcels at present but selling out is impossible as I end up crushing the market.
If you have an appetite for explorer risk, try BBX (gold) - they found gold but one testing was great (amalgamation), and fire assay failed. People keep screaming "scam" but last week they finally worked out why their fire assay failed. Now that they know, they are currently redoing all their samples. In intraday Thursday it went up 50%, and that was on poor drill results. When they restest good drills, this stock will go up 3x easily - happened 5 months ago, just waiting on results.
Besides, their mining Uranium and called Manhattan, way too eerie for me!
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