Fang you are completely off the mark here mate. MUM is not in a position to take a stake in the Hill 50 asset. Why would they. Check out the Harmony deal with DIO thats for a 80t per annum producing asset. The Hill 50 asset is still producing 130t ounces a year. It will go for more than the DIO deal.
MUM need to concentrate on proving up a resource and are well on their way to doing it. Im looking forward to the drill results and options.
Todays price action suggests the stock is very tight. Any positive news flow and the stock will run hard and fast.
The options deal is a no brainer.
MUM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
