I know its absolutely crazy. How on earth can you go past this the bargain of the year! Buy a small stake or a big one, whatever just get on board before others realise the potential here.
Wonarah was initially found to contain an abundance of phosphate from waterbore samples in that area taken in the 60's. Samples taken in the area of the four MNM tenements also contain P2O5.
Wonarah's samples were good, however the price of phosphate was low and it was not until now that a company, MAK has come along and rode RIO's forgotten asset into a x10 MC.
These 4 tenements are are each roughly the size of MAK's and lie only 50km NE away in the same Georgina Basin. It wont be long until another deposit is found and we see some rigs roll in.
The coal in Mt Mulligan by itself is a major project, with alot of the infrastructure in place, not quite walk in and start producing but not that far off.
Also we cant forget the Gold projects with JORC's of 167,000 and 123,000 ounces, with gold currently at $900 an ounces equals $260 million. At a current MC of $9 million I can see a zero after that too. I am look forward to the rewarding year ahead from Mantle Mining!
If you no idea what I am talking about read it for yourself: http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00837810
MNM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
