LCL 11.1% 0.8¢ lcl resources limited

MNC Deal or No Deal Strong Buy IMO

  1. 305 Posts.
    Big day coming up on Monday for Metminco.
    The day when a new asset, a gold asset once worth CAD$50m comes onto the books formally. Before this date it could have easily been cancelled or null and avoid. Nothing moves prior to formality. Just like placements or deals. So once Colombian gold assets sits on the books with another 350m (at 0.25p) on the books, that will be the time where we would be further de-risked and funded to complete the very important Bankable Feasibility Study. DYOR on Bankable and work out that once done it does not always mean more dilution, on the contrary it is a negotiating document for funding via multiple methods.

    Strong Buy - definitely no smoke without fire on Los Calatos...things are going to be positive for once on MNC.

    IMO
 
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