MNE 5.26% 3.6¢ metallum limited

Look at the volume sub 10c. In fact over the last 10 session we...

  1. 9,819 Posts.
    lightbulb Created with Sketch. 1249
    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.

 
watchlist Created with Sketch. Add MNE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.