Just so you guys all know the 10 bag club are big into this stock. They called it as a potential Disallowed stock way back at 1.2cents last April. (see their website) Its already 10 bagged for them back in NOV when it intradayed up to 13 cents.
They have already suggested dropping enough to free ride in it risk free jow but they but reckon it's going higher. Their last call recently was it may reach 15 cents ++ on this pre-drilling promotion Man are about to embark on.
Lets face it Chalices Julimar continues to hit it out the park with results. So once again lets do a comparison. between them.
CHN is now at AUD 1.5 billion market cap.
MAN is at 35 million mkt cap - or 2.5% CHN's
Mans newlyline tenement is strikingly similar to Julimar for the following reasons.
1. it is just 30 KMs east of Julimar on the very same Jimerding Metamorphic belt setting. (see aeromag chart below)
2. • 186 rock chip samples collected at Newleyine up to 0.36g/t Palladium, 0.27g/t Platinum, 0.65% Nickel and 0.19% Copper From – The historic rock chip samples at Newleyine carry far superior grades to historic initial rock chips from Julimar trend.
3. The high intensity magnetic lens from their aeromag survey shows clearly shows the distinct
Newleyine anomaly is roughly twice the size of Julimar!- almost 1.5 km across. This is a potential monster anomaly.View attachment 2966467View attachment 2966470I also quote here from their 31 Dec quarterly report
1. Drilling at the highly prospective Newleyine Ni-Cu-PGE target, located 30km from Chalice’s exciting Julimar discovery, is on track to commence this quarter
2. • Drilling will test three discrete late-time EM bedrock anomalies that geophysical interpretation suggests could be the response of massive sulphides consistent with Julimar-style PGE-Ni-Cu mineralisation
3.• MAN has purchased 100% of EL 70/5345 (the Jimperding Project)
providing full exposure to Newleyine and other regional targets whilst removing the burden of free-carrying a JV partner.
MAN also has a comfy AUD 4.5 mill in the bank and no debt.
The ten bagger club guys are now calling that if the drilling into this anomaly shows anything at all similar to what Julimar has, this stock (despite 10 bagging for them already) could 10 bag again. The beauty of it is thast
Given that this potential resource on newlyline could be twice the size of Julimar and so far has better results from rock chip sampling - if the drill results are promising (ie if they hit massive sulphides which does look very likely from data on hand) and this stock goes to even 25% of the valuation of Julimar (Chalice) this 35 mill cap minnow could almost 10 bag again from here!
