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53.5¢ merino & co. limited

Valuation, page-104

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Seth Davis

3,349 Posts.

309

28/01/19

18:31

Post #: 37243523
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Originally posted by pygmyhipppo: ↑

I guess they could do that, but it wouldn't be ideal IMO. They've put quite a bit into Miraflores and it's got a resource estimate of 0.9 Moz. Plus they'd lose Tesorito along with it. From what little I know, and with my very limited understanding, Chuscal looks very promising, but for me they key is the close proximity of Tesorito and Miraflores to Chuscal. This could mean they could add valuable critical mass to Chuscal.

Correct me if I'm wrong, but they have until 21 June this year to come up with the 3 million? Let's see. Once they get a bit of funding to get going at Chuscal, a re-rate is not impossible, and that would open the possibility of a cap raising with far less dilution.

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"This could mean they could add valuable critical mass to Chuscal". Other way around, Chuscal offers critical mass to Miraflores.

People are missing this point, new management are on the right path...

MNC Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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(20min delay)
Last 53.5¢		Change -0.045(7.76%)		Mkt cap ! n/a

Open	High	Low	Value	Volume
58.5¢	62.0¢	52.0¢	$84.57K	155.7K

Buyers (Bids)

No.	Vol.	Price($)
1	768	52.5¢

Sellers (Offers)

Price($)	Vol.	No.
54.0¢	2000	2

View Market Depth

No.	Vol.	Price($)
34	53235098	0.002
19	90400994	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	22098160	16
0.004	18093149	12
0.005	11587725	4
0.006	3392001	3
0.007	2980000	4

Last trade - 15.56pm 15/11/2024 (20 minute delay)

MNC (ASX) Chart