"What is going to stop it going down to 2 cents..."
If you think that a company which has:
1) 1.5+ mill oz's of silver with upside to 5 mill oz's. 2) 200,000+ oz's of gold with up to 450,000 oz's. 3) 800 mT of brown coal with 50/50 JV with Exergen at BM for a potential split of $1.4 bill NPV. 4) 600+ sq km of LV tenements 5) 100-500 mT of black coal and ILUA at MtM 6) $9 mill drawndown facility in place. 7) Board of Director's holding 17% of shares. 8) T40 holding nearly 50%. 9) Management who ann what they say and follow through. 10) Low admin costs and most dollars spent on proving up projects.
...sure a lot of hurdles to come, but seriously contemplating a MC of $5 million for MNM which has good management, good projects, low cash burn, money organised, well...
...the fairy tales are elsewhere.
Cheers K
MNM Price at posting:
5.9¢ Sentiment: LT Buy Disclosure: Held