Cyclops - The next Prominent Hill...

Would like to share the main reason why those invested in MNQ should be extremely upbeat about the upcoming drill results at Cyclops.

Teck Aust Pty Ltd, were also the same people that explored and subsequently became project manager of Carrapateena by acquiring 34% interest in the project.



Carrapateena was eventually bought out by Oz Minerals in May 2011...



Some info about Carrapateena...




Teck has a marvellous track record and ample confidence in what they are doing.  It has taken them some time to carefully plan where exactly to  drill Cyclops.

And one more day to go until this starts...

If Cyclops confirms to be what they think it is, ie. the next Prominent Hill, then surely MNQ will be worth north of $50 million in the near term..? Given the current amount of shares on issue, this equates to a share price of 50c

50c sounds obviously ridiculous especially in this current market, but with backing from Pattersons (Adam Davey as non-exec director), we cannot rule out that possibility.

Remember, it was Pattersons and Bell Potter that bought SIR all the way up from 5c to $3!  And take note SIR only had around 100 million shares on issue at that time... very similar to MNQ

Good luck to all holders

LB