Good thinking Gift. The brand new MinRes Onslow project is just 20km away from Macro's two large mesas at Cane Bore, and they are also on the new MinRes haul road down to their new warehousing and transhipment factily at Ashburton port. Makes perfect sense. Drill it and sell it to MinRes, who I am sure would be willing buyers as they have the processing capacity and also the new camp/resort and airport at Ken's Bore right next door. I reckon that is the play and anyone in the industry running the numbers on those two projects will figure that the sales value is a big multiple of the current M4M market cap, hence all the buying.
M4M Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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