Yes the valuation of the company will depend on the outcomes of these two important milestones. Also do not forget about progress on the gold front also. Previous announcements pointed to a release near the end of October.
Of course this stock is not immune from the market downturn and negative sentiment, and that bottom may or not have been hit. I would not however, write off the options at this stage, a lot can happen in 6 months. Lets see how the market in general goes and the progress of the various projects before making sweeping statements that could be well off the mark.
MNM Price at posting:
6.7¢ Sentiment: None Disclosure: Held
