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13.0¢ minotaur exploration ltd

Your right.There is considerable upside, depending on the size...

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whizard

58 Posts.

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10/02/19

11:09

Post #: 37389244
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Originally posted by RoyE: ↑

Hi Whizard, I think your concern re future spend at Jericho and dilution is valid. Having said this, if Jericho is successful then (i) future capital raises should be at significantly higher prices and (ii) even if we are significantly diluted (or alternatively if MEP's share of the project is reduced), if the project is half decent ultimately MEP shares should still be worth well North of the current share price of only $0.04 per share. MEP's current market cap is only 12 million, which to me presents a very favourable risk/reward profile given that Jericho is a significant discovery and MEP also has other attractive projects, market leading technology and management, entrenched position in some if the most prospective ground in Australia etc. IMO and DYOR.

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Your right.There is considerable upside, depending on the size of the potential reserve estimates.
Would love to know how far the are from said estimate.Hopefully by the end of the year, or shortly thereafter.
Have been with BRW/MEP for ten years, so hope springs eternal

MEP Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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