Look at the volume sub 10c. In fact over the last 10 session we only saw 3.3M shares dumped or 330K share ($27K) per day.....Wow wee.
Although I'm not making a direct comparison here I did note MML is forecasting cash cost of mining $250/oz in FY13 and that their futuring mining at their Bananghilig deposit that has an indicated resource of 608,000 ozs at 1.59 g/t gold in 11,900,000 tonnes and Inferred Resource of 472,000 ounces at 1.62 g/t gold in 9,000,000 tonnes at a cut-off grade of 0.8g/t gold.
MNE is in one of the lowest cost mining destination on earth so we won't need massively high grades and/or widths although it would be nice. I suspect management don't give a rats about ST traders at present but rather on confirming what they have via the drilling underway.
I have my fingers crossed for a positive outcome on this spec punt.
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