Valuation, page-50

As a way to evaluate MNC value I've taken the average costs at PFS, FS and Production quoted in the anlaysts report and applyed these to the Resource already defined for Miraflores. MNC would be valued at 0.01, 0.023 and 0.012 cents per share respectively using the average $/oz value at these three different phases.

This analysis only considers the Miraflores deposit and takes no consideration of what could be at Tesorito and Chuscal. Huge upside potential available for those holding MNC once funding is sorted, news starts flowing and price of gold maintains its current highs...