RE: This is just the beginning/The "FNX Strategy"MPM now has:
1) $10,000,000 in the treasury
2) The Ben Lomond deposit has a resource in excess of 10 million pounds of mineable reserves U3O8 (Uranium) and a Molybdenum credit of 0.15%.
At US$20 a pound for U3O8 and US$30 a pound for Molybdenum the in-ground value of the combined metals is over US$400 million
3)FNX is now at Mt. Kakoulima where FNX will commence phase 3 drilling hunting for a huge nickel deposit. Mt. Kakoulima (an FNX/MPM joint venture (Ni, Cu, Co and PGE), Guinea, West Africa) represents its first attempt to apply the "FNX Strategy" outside the Sudbury Basin. They are going to trace the 1 metre high grade nickel feeder until they find the motherlode.
4) MPM/EWR joint venture: East West, MPM's partner in Shebandowan, recently traded record volumes on the FWR discovery ( which is contiguous and on strike to EWR/MPM's property).
My bet is FNX finds massive sulphides and MPM trades at $5.00 !!!