* Only 1m options on issue, so very little dilution
* Top 20 hold over 50% of the company
* Directors own around 10%
Macro Catalyst
Simply put, we are in the midst of a gold bull that is gaining serious momentum. There are still plenty of basement opportunities and this stock appears to be one of them. During mania phases (and I think we will see more than one over the next few years), punters will flock to anything that mentions the word of the moment.
Micro Catalyst
Majors South appears to be the project that could put these guys on the map if Cortona's grades are anything to go by. Assays are awaited from Stuart Town but I wouldnt expect the results to be earth shattering
Some reconnaissance results from Majors Sth, just as grab sampling grades etc could ignite some initial interest but it really is the drill bit that will hold the key. My guess would be that if sampling highlights major potential, the share price will be multiples of where it is now come the drill phase.
Marchello
MZM - Diversified, cashed up and aggressively exploring MEP - Top class elephant hunter PTS - exposure to Thomson Resources WGO - micro cap gold speccie worth a punt
MBM Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
