MNE 5.26% 3.6¢ metallum limited

I think it will be an unfolding story over the next couple of...

  1. 9,862 Posts.
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    I think it will be an unfolding story over the next couple of months. That will make it a much more sustainable rise.

    This Chilean copper acquisition is out of the box and could be a real company maker. Normally, I would be wary of rock chips as that is how MNE got slammed in the first place when drilling didn't live up to the hype in Comval, although I thought it wasn't too bad and had great promise. The copper grades mentioned at El Roble are very high.

    Lots more news to come as the story unfolds especially about how near term cashflows can make the project self funding for a larger exploration program. Using high resolution magnetics has proved very successful for KDR which has provided very accurate copper drill targets. Its also been mentioned that the project is possibly multi commodity.

    Those pictures of the exposed copper veins are crazy.

    Its a very exciting acquisition.
 
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