Valuation

Before anyone queries I'm a private investor who trades through Commsec and am not associated or know anyone at Patterson. This information is based on my own research, analysis and knowledge of the gold mining sector. 

I find it interesting location aside that the valuation for MNC is so low when I compre this company against some of its peers in the WA gold sector. Country risk aside, MNC is a buying opportunity for anyone that wants to look at the market capitalisation against the resource that have been calculated in ground. CAPEX spends on these two WA projects that already have plants establised are about a third of what MNC needs for Miraflores but have AISC that are just about double the cost. Market Capitalisation should alone be 6-10M based on the metal avaialble in ground, potential Chilean asset sales etc. WH and his mates have a lot to answer for! 

This anlaysis does not even scratch the surface when you look at the potential projects that could be developed/found at Tesorito and Chuscal.

Serious marketing of the potential available here and comparisons to similar companies in the same space should be made. To have the Anglo JV is a serious positive for MNC. 

Onwards and upwards for 2019...