Onlooker,Welcome to the debate.You make an excellent point, I...

Onlooker,

Welcome to the debate.

You make an excellent point, I too worked on the 7% royalty basis when doing my DD prior to investing, however so many people wrote and said "No No you are wrong MNE collects 68% not 93%" that I started using the 68% figure and called it a worst case scenario.

I like to be pleasantly suprised where possible :-)

At 93% and decent grades, even with a small throughput of 5000 tonnes a month MNE should be able to match its current mkt cap in revenue produced within 4 to 5 months with no capex and opex of around $50 a tonne.

Which is of course a best case scenario.

Someone else seems to have noticed this too judging by the nibbling at the OBs at 1.2c today.

EB