We closed at $ 11.40 US today and the high for the year has been around $ 14.11US.

IMHO I feel that MFN will hit a new high by the end of the year for the following reasons:

1) The final tonnage of ore is being placed on the pads so that leaching can commence

2) Leaching of Ore to start soon

3) First gold pour will follow after 20 days of leaching

4) The dore bars can be sold directly at the mine without further refining so positive cash flow will follow soon

5) Mine production will be ramped up during the balance of the third quarter towards commercial production

6) 40,000 Gold ounces and 1 Million silver ounces are expected to be produced by year end 2008 at a cash cost of $ 403 per gold equivalent ounce

7) With the successful mine start-up and about 7 million shares sold short in this stock at present there is being set up a dangerous position for all that have gone short...when the shorts start to cover they will drive the price of MFN sky high

All in MHO...aloha for now.. hawnkoa