As we await the resource upgrade from Manindi and further news from Mile 72 are there any thoughts on the MLS share price in relation the looming recession in the US? It seems to me that MLS doesn`t have too much downside, perhaps dropping to 7.5 c before announcements to the market are made. But will investors be prepared to buy into a junior exploration company if a bear market arrives and a consequent depression in metal prices? My feeling is that regardless of the downturn in world markets if (and it is a big if) MLS announces a 100% increase or more in the zinc resource JORC AND announces positive news from Mile 72 then the share price should move into the mid teens in the next 6 months. Any thoughts?
MLS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
