re:value of mmx, page-3

There was some really strong action in the last hour of trading today. Really good signs for tomorrow.

Below is a rundown of their current market cap

Issued shares - 334 million
Listed options (20c) - 27.4 million
Unlisted options (20c) - 24.5 million
Unlisted options (50c) - 5.0 million
Unlisted options ($1) - 5.0 million

Total shares = 395.9 million shares

Fully diluted market cap currently at 5.85 is just under 2.32 billion

The latest deal with Mitsubishi is potentially worth a total investment of approximately 3 billion. IMO market cap could easily surpass this level. This would bring the share price to around $8. I think this is very possible working purely off the value that the deal brings. To have a company willing to invest that much money is a big deal.

Future upgrades to their deposits I think will definately occur. No way would Mitsubishi dedicate 3 billion for the current size of the resource. They are investing in this for the future of their own company and are expecting the Jack Hill deposit to be increased and further resources to be discovered.