Post by tsxventurewatchon Jun 25, 2025 10:44am
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Post# 36621964
Minnova Corp. $MCI.V is a Great Bet with Gold at +$3,000/oz
Minnova Corp. $MCI.V is a Great Bet with Gold at +$3,000/ozMinnova has a lot going for it:
Tiny Market Cap - C$5.1m @ 6c share price
Trading at ~1% of NPV at $3000/oz gold price (C$442m)
Permitted Past Producer
Significant Mine and Processing Infrastructure
Low Capex
High Insider Ownership (30%)
Upcoming Catalysts:
Resource Expansion Drilling
Open Pit Bulk Sample
Metallurgical Program Targeting Increased Recovery
Updated Feasibility Study
C$800k financing is ongoing.
The share price has not moved during the current gold bull market. I put this down to its disastrous dalliance with a "green energy project".
Now that focus is fully on the restart of the PL Gold Mine, I expect a significant re-rate as more eyeballs fall on the story.
The tight share structure means it can move very fast.
ALL THE BEST