Thanks for your reply. Now that the Silica project is front of mind I was forced to do some additional analysis on it. After my results (and spozzies) I wish I did it sooner as I believe this project is currently underestimated by the market.
If (and at this stage it is a big if) the project is able to get off the ground in a capacity that awards MHM/their shareholders 20% of the project then there is the strong potential for existing holders to benefit to the tune of 30-40 cents per share (IMO).
This offers a huge amount of leverage to anyone who has bought/does buy at sub $1.
I also think there are non financial benefits including:
1. Management will have proven that they can manage a large scale project and that should give investors confidence in their ability to manage our US expansion. 2. Management will be 100% focused on the al/salt slag ops and delivering value for shareholders. i.e. no distractions 3. We will no longer be viewed as a resource company with "spec projects" that remain unproven/a cash drain. 4. We should generate some positive press.
At this stage more research is required but things do look promissing IMO.
MHM Price at posting:
83.5¢ Sentiment: Buy Disclosure: Held
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