Minting question

Is it possible to mint under 0.01? For example if i have a transaction of 0.7PPC and thats mints will it be possible to mint 0.007PPC ?

in theory it is possible to find a stake, when it does the
method GetProofOfStakeReward(int64 nCoinAge) is called
which returns: nCoinAge * 33 / (365 * 33 + 8) * nRewardCoinYear;
where rewardpercoinyear is 1 CENT per 1 whole coin.

One coin equals 1000000 units, so as long the reward is above 1 unit you r good to go.