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MINMET PLC FTSE MNT

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Abbo64120 - Thu, 27 Dec 01 :

Thank you Richard.... I didnt miss the irony in your original post! as im sure you didnt miss it in mine.

With regard to the possible ten bagger or more....

do you really think that?

I dont.

That would value the company at something like 2 billion (at 3 pounds per share) there would have to be one hell of a lot of Diamonds/Gold to ever value the Co at that price (dont forget MNT are looking to sell the rights to the Zinc... so that is of little value (when looking to measure resources)in my opinion).

I hope that perhaps within the next 12 months MNT can actually justify its current huge market cap and that the following year perhaps it will begin to rise. If MNT cant prove its current worth in the short term (say 2002???) then where next? The seemingly unlimited No of things in the pipeline simply must bring something for the resource starved punters soon.

I think this share (along with all other non profit making unproven explorers) should be treated with extreme caution, however, if you are looking for a bit of fun in your portfolio that just might one day be the big something then maybe MinMet is for you.

Do you agree?

Abbo




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