Just listened to the latest BRR interview. They have a new area that looks highly prospective right next door to Medusa' CO 2 mine which will be the lowest cost mine in the world. Geology is very similar.
For a nearology play MNE is extremely cheap compared to other nearology plays in Australia with market caps 10 times MNEs.
We have a current copper and gold Jorc. We only need to prove up a bit more for it to be an open cut producing mine. The magnetite aspect could add a lot of value. They are testing the metallurgy.
Lots of drilling coming up. Tagpura north could be very interesting.
MNE has been completely oversold IMO. Cygnet are getting in right at the bottom.
MNE Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
