MNM management are in the box seat to know how the Exergen laboratory tests for pilot plant settings, have gone and how the pilot plant trails are progressing; if yesterdays announcement is anything to go by they are very very confident, and continue locking up as much resource as possible, prior to the results being made public.
There are no amber lights with this deal, no they look very green to me.
What on earth will the price of MNM be when a positive trail result is announced within the next six to ten trading days.
With so few shares on issue the share price could easily exceed $1 imo
From company announcement:
Expect the pilot plant trials to complete end of January / start of February
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heading towards 30c, page-58
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