Comparible companies listed overseas on AIM and TSX with similar...

Comparible companies listed overseas on AIM and TSX with similar size deposits have market caps of around USD $200 mill. This equates roughly to a share price on a diluted basis of $1.50 per share. Plenty of blue sky here as the Insto's are starting to recognise the value. Next week should be very exciting times indeed. Below is a quote from MD Les Emery in an article from High Grade resource magazine recently.

“there are 2-3 Canadian companies in the same league, in terms of resource size – they are all in that 0.5-1 billion-tonne deposit range – and there is Monterrico. Generally when they are reaching that level (resource) they have a market cap around the $US200 million. So that’s where we see our upside with our next upgrade of the resource estimate, which we expect to
have out in about a month’s time. We’re targeting 500Mt, but we do know the system was rated by BHP at one billion tones pre-JORC days.”

Checkout the media articles section on www.marengoming.com. Some very interesting reading. This is not a fly by night company looking for a resource but a company with a deposit that has been known about in mining circles for over 40 years and Marengo are bring it to fruition. This resource will only continue to grow towards and significantly beyond 1 billion tonnes. One can only imagine what this will do for the share price.

Good luck to all holders. What a couple of weeks we have ahead of us. Should head towards 70c-80c imo.

Interested in others thoughts!!!
DYOR