IMO, MNM would have no desire to sell mt mulligan even if offered 200 Million...
If you already own a huge asset which has potential to generate profits for decades why on earth would you sell it unless you had too?
If you sell an asset you will generate income yes, Why on earth would you want to realize a profit and potentially pay huge taxes if you do not expenses it within same financial year?
MNM have worked hard for years to generate relationships with the local landowners/people,,,why would they have done this if they intended to sell?
Even if/when the JV gets going and if/when we need funds the SP will be many many multiples of current SP. We have just over 200 million shares,,,Even if we needed to raise 300 million in a year or two I am sure it would be a non issue as 300 million shares at $1 would do the trick..
If anything is sold in the next 6 months it will be out gold assets IMO...
We will work on Mt Mulligan and I assume we will be like a silent partner for BM/LV/Exergen JV. I expect that Exergen and their backers will supply most the finance as we providing the assets.
Reason the SP does not reflect the value of Mt mulligan right now is the Trial is not over,,,,If we win I expect the MNM MC to be over 100 Million withing 2 days..
dyor
MNM Price at posting:
14.4¢ Sentiment: Buy Disclosure: Held
