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28.5¢ austar gold limited

Gold on the up------good for MNM, page-41

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vertigo

11,416 Posts.

350

22/01/17

19:30

Post #: 22062293
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Originally posted by HotRods65 ↑

Well it's not actually their plant/project yet as they haven't paid for it. Ignoring that important fact there is no way mnm will spend a few million and be trial mining in 6 months, surely even you can see that's not going to happen. They need $3mill just to cover a few directors fees and purchase the project let alone do anything.
I'd also forget about mbk and comparisons, if norton was any good mnm would be mining it now like they planned to. Going to be hard to sell for any decent $$ given mnm pulled plug on mining it, got be a good reason for that. Be lucky to even get $1 mill for it.

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Lets not quibble over a mill or two additional money for trial mining stage, give an example?

If Norton was not any good why is MBK whose main project surrounds Norton have 2.5 times the MC of Mantle?

MNM Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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