Quicksilvasurfa,Good post and I agree with your basic...

Quicksilvasurfa,

Good post and I agree with your basic valuations. I think the big problem for Mundo is that they disappointed the market too much when bringing Engenho into production so the management have a credibility problem.

I think the market is waiting to see if they can start to come through on their promise to raise production at Engenho and Torrecillas before there will be any big buy in.

IMO if they do come through with positive signs then the upward re-rating on this one will be significant and quick.

All depends on the gold price as well of course!!!!