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Mutiny received funding from INSTITUTIONS of $23m being Credit Suisse of $13m and Sanstorm of $10m.
The project has a 6 years plus life at slightly above $700 an oz.
The reason it was stalled, like Sumutra and Gryphyon is because gold lost a third of its value in 2weeks in Feb/march 2013.This was on the back of multiple failures by producers around the globe which stretched the banks and in particular credit Suisse (they had 5 go down from November 2012 to jan 2013).
You have only missed the first wave of the run on Mutiny shares . I explained in advance if breaks 4c the chart says it will run to 7c plus. This was well before the media hype you talk about ,which is not actually hype but reporting factually about Robs assessment of Mutiny. Following from an analyst report the other analyst review it and obviously some have agreed with Rob and decided to support it.
In addition the pressure for a devaluation of the A DOLLAR sets the scene for a rising gold price .Euroz are now out and about calling a resource boom .But a little known analyst called Barry Dawes from Paradigm, has been calling it since March. It would seem that Rob's call of 7c for Mutiny is very conservative and there is still a substantial gain to be made on investing in this stock. And as Rob says, that's before you take into account the enormous resource upside.
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