Hi Robbo, an excellent post as always.(1) Worst case scnario:If...

Hi Robbo,
an excellent post as always.

(1) Worst case scnario:
If Mt Painter tenement is worthless then MTN's shares are worth IMO maybe 35-40c each (cash $4m + other prospects $6-8m), which is not much lower than the current share price. Even if this scenario is correct, the share price should still go north signficantly in the short to medium term as the tonnage is increased and their JORC status improved. Markets can have short memories (see Tuesday).

(2) Best case scenario:
If on the other hand MTN is actually able to move to a world class mine then it would be worth....well, a lot more shall we say.

It is for every investor, like you (and indeed Dave) suggest, to ask the hard questions, and make their investment decisions based on the answers they come up with to those questions so as to see which scenario is most likely.

Going back to cdhi1's post earlier in the thread ie that Bogacz is too busy to deal properly with MTN. I'd prefer a director be in demand than wanted by no one. Busy people are also often the most productive.