Dave - Most information on MDIN travels through private mail.
Lets say that everyone who is anyone in MDIN are very excited about the news. It would appear that we are nearing the end of this long road, at least as it relates to the Altos de Lipangue project. When this 3rd hold is done, all that is left is for the official assays to be done, and everyone is expecting them to come back just as good as projected, and the best way I can put it is, many are expecting to retire with the number of shares they are holding.
I have heard price targets anywhere from $0-$280, and that is no lie. It is a penny stock so it is hard to value the unknown, but everything to this point is pointing towards, if everything is in place, a value of $5-$7 if their find is good. Many would expect this to be a low value, but realistically speaking that represents a buyout of $550M-$750M by one of the majors. Many believe their find to be much more significant which of course would boost the numbers.
Additionally, there appears to be a nearl 100% illegal short position in the issue. Couple this valuation with a massive short squeeze of nearly the entire outstanding float and I can't even think of the potential. However, this is still a penny stock, and I have seen many good stories go right down the drain. It will be all dependent on what they find in that core and the visible gold is great, but it needs to prove up officially.
Watch the price carefully, and watch for buying volume.
Hope this helps.
TJ |
