Thoughts on Share Holder Value after Consolidation, page-24

Price action exactly as expected. 50 times consolidation and heading back to less than cash in hand  i.e. Total Current Assets and what you might believe from Non-Current,  for at the very, very best book value of  $4.9 m market cap. which will be 5 cents at worst and at best a very discounted assessment of any possible inflow of funds fr0m LCH currently zero because depends on whether anything happens there..hence why I didn't include.  FYI :   5 cents = 0.1c preconsolidation.

(Note 9: The $5m shown on Balance sheet is the Peruvian eq. of VAT and only available if there are sales, which there won't be if I understand correctly.

Note 12: the $3.8m is for land, forget the plant and equipment)

Thank God however from the MNC website,...

"Why Invest in Metminco?"
strategy

Metminco will strive to grow shareholder value by focusing on its key projects in South America through a process of exploration, evaluation and development.
The Company believes it has the necessary skills and experience to successfully undertake this strategy.
Through its Board, the Company will continue to evaluate funding options to meet ongoing cash flow requirements.

I don't know about others, but there certainly seems to be a lot of fake news around these days. There is a Grand Canyon between "believes" and "has a demonstrated track record...".  Form your own view on what has been demonstrated over six years and the justification for even saying "believes".....

MNC truly is just a smoking pile.....  As I type this I wonder exactly what the management is doing.  Running around with their tails on fire or lapping up the sun on holidays.... I know what the company believes.  I happen to believe something quite different, in fact I have historical evidence that transforms my belief into solid truism.
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