just bought at 9.1c, page-29

MNM was proven to be a multi bagger from 3c a year ago in financial year 10/11. the VWAP over the last 12 months would be something like 12c at a guess (happy to be corrected).

i think MNM is a possible multi bagger from 9c because, even with the new shares to be issued, 225 million on issue only gives you a $20 million market cap at 9c.

your $20 million buys you:

2000 square kilometres of quality brown coal ground in Victoria and a JV with exergen to develop that resource using disruptive technology that has been financed by some of the biggest coal players globally and locally.

up to 500 million tonnes of black coal at Mt Mulligan, with the only impediment to access (calcifer) looking ready to fold in the Qld court case.

Texas black coal - another few hundred million tonnes in prospect?

high quality gold and silver deposits at Granite Castle and Charters Towers, with contained gold potential of 1 million ounces+ .

significant NT phosphate ground in the same area of the georgina basin that MAK look likely to be able to open up by rail.

top quality management which (after the cap raising) will have $3.5 million in the bank. this is more than enough cash to deliver a pipeline of ann's on BM, the exergen JV, Mt Mulligan, the Gold projects and the NT phosphate project in the second half of 2011.

if any one of these projects delivers a strong result in the next 6 months then MNM could easily multi bag from 9c IMO.

if more than one project delivers then the SP is anyone's guess.

DYOR.