MUN is on a knife edge. They got the orebody at Engenho wrong and thye will be lucky to survive this mistake. If it weren't for Crista they probably should have given up at trying to make Engenho work. I think they need to raise capital to get Crista into production but at what price. It will have to be at a big discount to current 8.9 cent but the SP will crash immediately to the raising price. No good news for shareholders.
Torrecillas looks good but with no money and a never ending plan for trial mining it seems Torrecillas may never even start unless they can get Crista into production.
SP falling below 9 cents says it all. Sold 1/2 previously and wish I had sold 100%.
MUN Price at posting:
8.9¢ Sentiment: None Disclosure: Held