Excellent deal. Peer comparator is MOD. I acknowledge the...

Excellent deal.
Peer comparator is MOD. I acknowledge the difference in advancment of the two projects - not insinuating MNE should be $111m MC...

MNE now will have SOI 434m and oppies 55m at 6c (pg 4) with $3m cash from raise and ~$700k pre-existing. That makes current MC at 2.4c $10.4m and EV just $6.7m ! (undiluted since oppies strike is almost 2 bags up from here).

Weigh up MOD's advancement in their project and figure where MNE compares relative to MOD's $111m MC- that should give you indication of value. Reminds me of 4CE when it announced Li acquisition near AVZ.
Delicious.... Offers a good opportunity IMO