This gets sillier and sillier.30mn shares at 10c = $3mnCash on...

This gets sillier and sillier.

30mn shares at 10c = $3mn

Cash on the balance sheet = $2.9mn

EV is now $100k

Yet we are well situated open in all directions, including depth, and still have a 10km long anomaly to drill amongst 26KMs of ground that produced great helicopter survey results.

Recent assays and Davis Recovery Tube trials have produced ore with very low impurities and a 69.9% Fe grade after benefication.

We are also close to roads, railways and a river port along with electrical power lines accross the tennements.

Management are good at communicating and have so far kept their promises on milestones in the project development.

Yet the whole thing (according to the stock market) has an EV of approx. $100k.

IMO an EV of $10mn - $20mn would make much more sense.

If buying decent companies with a tiny EV makes sense for you, you should consider buying and holding this one.

Sometimes on this thread I get the feeling that I am the only one paying attention to MWN and MWNOA.

EB