MNC 7.76% 53.5¢ merino & co. limited

Valuation, page-108

  1. 380 Posts.
    lightbulb Created with Sketch. 45
    This is what makes MNC so attractive when compared to some of its peers. It will be pushing towards the LHS of the above graph once the drills start turning and financing issues get sorted out. A defininte re-rating on the cards with the all important financing issue being the biggest roadblock at this moment in time when you look at what metal is in the ground and how close to surdface it is in some cases compared to some of our competitors.
    The original analysis I tried to complete is shown more aestetically in this graphical form and how we are positioned against our peers. Second last company on the RHS of the graph and so far under the resource $/metric leaves major room for rerating....  

    Tesorito drill hole TS-DH-07 includes 

    64m @ 1.67g/t Au from 144m, within 253.1m @ 1.01 g/t Au from 2.9m surface

    TS-DH-02 previously reported, 384m @ 1.01g/t from 16m surface

    Chuscal added to this and Miralfores all add for interesting times ahead for little old MNC... 


 
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