bad news, page-45

Sold out of this in the mid 30's pre-construction. Even warned a couple of mates to exit or at least reduce. Costs were just too high and forecasts too optimistic. Bit of bad luck for the likes of Hainz etc who believed in management all the way.

Even with Mt Ida continuing - forecasted production and future cash costs can't be taken as solid thats for sure.

Valuing MON at between $10-20million may just be a reasonable estimate ie sp between 5c and 10c but thats up to the market.

Good luck.