Hang in there Navy and don't worry about what people say...everyone has their own motives...I am BUllISH MNM so please DYOR and don't take my work for it....
I too want the SP to be over 30 cents BUT the markets are very tough at the moment.
Just be glad you holding a stock with no DEBT, management they spend cash wisely and have a 10 million finance facility when required.
All I know is IK can run MNM on 1 Million dollars a year if the SH1T hit the fan and we can and will be here in the long run...
WHY
We have a low cost operation
We have multiple options/opportunities in many sectors/commodities..
COAL/CSG/BCE/GOLD.....If you in the business of selling something and the one commodity you sell falls in price its nice to have another option??
Some gold bulls are calling gold to go over 5000, I am not a gold bull BUT if this does occur we will be smiling...
If macro markets improve and the debt issues get resolved gold may fall and coal prices may fly,,,we covered there also....
Demand for CSG/gas and coal is not going away,,,fact
We are so close to asia and they want our resources/energy,,,,
I am not sure what macro markets will do BUT IMO MNM will have a MC of over 100 million by end of 2012...
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