Historical chart says any time this had headed sub 10 cents you should be able to make a quick 50% within a couple of months. This has once again proven true, and I'm glad to have used the last few months as an amazing buying opportunity.
I can't stress enough how solid this management team is - they are corporate deal makers, no dillution for working capital, it's just a matter of time until they strike it big once again. This is my no brainer stow them away stock - I know there will be a huge pay day down the track. The recent presentation very clearly highlights why.
Will be very happy if they can realise the non-core assets well above book value (Gold divestment to BHP 10x over book value) and aggresively fund exploration on the core projects.
MEP Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
