Yes there has been plenty of good news as the projects progress, however the market is waiting on the following key develpments IMO.
For Mt Mulligan they want to see exploration start, no more surprises please. This is what the market was speculating on when the SP went to 17c. A confirmation of coal on the licence area will send the SP upwards significantly IMO.
For Granite Castle/Coronation, the market now knows that Mantle has a very large gold/silver shear neighbouring the orginal Granite Castle JORC, with 1m oz potential. The market now wants the Scoping Study which can be done after some closer drilling to that done late last year. From that a NPV can be determined.
MNM Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
