MGO 0.00% 14.0¢ marengo mining limited

One thing is for certain; MGO market cap of approx 300 million...

  1. 286 Posts.
    One thing is for certain; MGO market cap of approx 300 million represents a fraction of what it will be come production. The MOU provides for 70% finance coming from the Chinese partner therein limiting the amount of new script to be issued. Near term the DFS should provide a further leg up. With copper fundamentals as strong as they are I would not be surprised to see a market cap north of 500M shortly thereafter. The risk/reward for investing in MGO just got better after today's announcements. Well done to all holders.



 
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Currently unlisted public company.

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