SPTU for being more realistic about MUN.I agree, MUN is still a...

SP

TU for being more realistic about MUN.

I agree, MUN is still a spec buy - but a very cheap one if they can meet their projections.

If Crista does have 300,000 ounces and more gold is found in the other nearby ore bodies then the existing Brazilian operations could have a 7-10 year mine life and provide a useful profit for the Peru project, which itself looks very interesting.

I am not counting on MUN producing 150,000 ounces in 2012, but I do think there is a chance it will get over 100,000 ounces by 2013. Longer term 150,000 ounces could be possible.

There is a good chance that with Crista up and running the share price will soon get back to a respectable level so that they can raise some capital for the Peru project without excessive dilution. The map showing other mining operations near to their Peru project and highlights the potential of their project. Any one that bought MUN at 8 cents share last month could be laughing in a couple of years time. A bit like buying OGC when it fell to 15 cents in late 2008.

Still a long way to go.

Get back in. It is all about buying those companies that are going to move faster than ones existing investments.

Of course, MUN can still end up being flushed down the toilet so I would not bet the house on it.

loki