Without evaluating the projects (I think t4p has done this and already given an answer to your question recently) a quick way is to look at the market cap. relative to other companies.
At $0.10 MMB has a free float mkt. cap of just ~$4 m and fully dilluted would be closer to $6 m (from memory). Given the stage of the company's development, cash in bank and its resources I would suggest that this is not going to be on the cards.
Looking at recently listed IPOs who have yet to even collect rock samples many are valued at ~$10 m (some are valued as high as $30 m on a fully dilluted basis).
You can continue this analysis up the price levels, but in my mind there should be support around $0.40.
Cheers SBC
MMB Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
