last chance
As we go through this latest gold correction,which may last a week or so,this may be the last time we see Mundoro trading at these levels.
My guess is that MUN will be trading in the 3.75 - 4.00 /share range in the not too distant future.
They have 6.5 million ounces proven/inferred, with tremendous potential to significantly increase their gold reserves. If they get up to the 10 million ounce range, what do you think the market will value this company at? My guess is at least 500 million to 1 billion.
( With only 25 million shares, do the math. )
Another key element in the process of evaluating the worth of this company, will be, when we find out how much per ounce it will cost Mundoro to get the gold out of the ground. If the cost is dirt cheap, watch the share price sky rocket.
This may be our last chance to pick up shares at these cheap prices...