I keep looking at the map MUN has in its presentations showing nearby mines with 1.2-2m ounces and keep thinking, surely MUN will find at least a million ounces at good grade.
The only downer along the way is that they need to keep raising cash at a very cheap share price and diluting shareholders. The additional $1m they are going to raise is probably due to the flooding of the mine from storms, another bit of bad luck MUN did not need. I am hopeful things will be much better for MUN by the end of the year, so long as the POG stays above USD1500, with the increased production.
I have a lot of confidence in our CEO - he is working very hard to turn things around. If he succeeds he will make a motza by converting his options at a price higher than what now prevails (good luck to him), and I will be very happy with whatever I can make.
loki
MUN Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held
