Peru does look promising. They produced 2000 ounces during the quarter (8,000 ounces annual basis) with about a $800 margin. If MUN can do 16k ounces in 2012 it will stay alive.
Pretty good gold recovery of 89% via toll treatment.
My bet is that MUN survives but takes a long time to recover it share price to anything reasonable. And that the Brazilian operations are all sold, which is a pity considering they too have considerable potential.
loki
MUN Price at posting:
4.6¢ Sentiment: None Disclosure: Held
