This is a very similar to the CSD story with both companies needing a mill to work with. However, MOO is not as straight forward as CSD because it is working with multiple metals, including copper, tin and silver. BG looks the goods and an arrangement with SPG should be viable and beneficial to both parties.
The Herbonton project turned up some excellent results but it is still at an early stage and needs further work As you know, this takes time and money. (Great location though!!!)
Is it a possible T/O? At this stage, I doubt that. I think SPG will need to get its head around their new acquisition first.
Is MOO undervalued? Although I haven't done the same amount of research as I have with CSD, with a MC of $9.34 million, I think it might just well be.
I must admit, Kelpboy, I've only placed a small amount in these at this stage, just as a gamble. The market had priced them at 2 cents before the KZL debacle, so there is plenty of room to move.
I will sit down and go through them in more detail at a later stage, if time permits.
Cheers,
Early1
MOO Price at posting:
0.7¢ Sentiment: LT Buy Disclosure: Held
