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Hi straws,Where are you getting the info that Sumitomo...

  1. commodorecontrarian
    1,694 Posts.
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    23/02/12
    13:01
    Post #: 9739125
    Hi straws,

    Where are you getting the info that Sumitomo approached MNC with a financing/offtake offer? Similarly what source/who advised that BHP have approached MNC? While I agree that MNC will surely be taken over and never get to production, and feel its worth in the region of 50c-100c once this occurs, I strongly doubt that any majors would initiate any action prior to a JORC reserve. Of course I'm very happy to be proven wrong if you can point to something concrete or verifiable..
    MNC Price at posting: 15.5¢ Sentiment: LT Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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