MNB 3.57% 5.4¢ minbos resources limited

@Spaghettolo, the Fib retracement levels show 0.046c as the...

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    @Spaghettolo, the Fib retracement levels show 0.046c as the lower 0.236% retracement level, so if Volume Profile also shows strong support around 0.037 - 0.045 then I'd hazard a guess that 0.045 - 0.046 will be a very important support zone. Unless we see a wider market sell off then I can't see us breaking below that area.

    Obviously I'd much rather see the price going upwards but on the flip side if we do end up getting down around 0.045 - 0.046 (or lower) then I'll be freeing up cash and adding more without a doubt. With the size of the NPV and small market cap, the small CAPEX requirement and the fact that funding may potentially be non dilutive then this is a no brainer. It has to be one of the lowest risk vs reward mining developments on the ASX.
 
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