M24 0.00% 2.2¢ mamba exploration limited

Mamba - Underappreciated and Undervalued

  1. 1,931 Posts.
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    https://hotcopper.com.au/data/attachments/3076/3076516-82cff6c757ed35cbb668e60f8c930422.jpg

    Found the above great map from the PUR thread.

    All three of M24s tenements identified 'significant conductors' as per the last announcement from M24.

    Five significant conductors were identified at the Black Hills tenement which sits between monster CHN, and $80m market cap PUR (looking very very prospective).

    Yes the land holding at Black Hills isn't the size of PUR, but conductors were identified.

    That then ignores the other 8 conductors identified at Batty Bog and Mistake Creek (where they have now applied for an additional licence)

    In regards to ENX, they do have huge land holdings, including larger land holdings between CHN and PUR, but from what I can see are yet to perform any airborne work.

    Does all the above warrant the below:

    EV % Difference (Others vs M24) (minor mistakes in my original table, corrected below):
    MAN valued 211% higher than M24 at pre Airborne survey stage
    MAN valued 634% higher than M24 at current prices
    ENX valued 155% higher than M24 at current prices
  2. 21 Posts.
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    been wondering this myself, perhaps Mamba's "nearology" is not near enough to the Julimar story for most investors looking to make chalice like profits. maybe as we start to see other plays get good drill results further from from it, people might be more open to whole regions potential. purely guessing though.
 
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