MLS 10.0% 2.2¢ metals australia ltd

Pilbara Witwatersrand near ARV VXR DEG Discoveries

  1. 5,662 Posts.
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    Hi All,

    I think that the market is asleep here in relation to the tenements that MLS has in the Pilbara, near ARV/Novo, VXR & DEG.

    For those living under a rock, pretty much every Company with tenements in the area has multi-bagged:

    ARV:  6c to 28c
    DEG:  4c to 16c
    VXR:  0.8c to 2c
    KAI:  2c to 9c
    DGO:  24c to $1.65


    You'd think that once the market catches on, MLS will also easily multi-bag like the above companies have.

    And MLS has one of the best positions for a nearology play - right in the middle of the two leaders (ARV/Novo & DEG).

    I've done some more doodling on the map uploaded by @Delete per below to show locations of VXR & DEG relative to MLS as well as the latest discovery by DEG.

    Once the market becomes aware of the area held by MLS, you'd think that MLS will also multi-bag and it will also be starting from one of the smallest MC's at just $6m.

    I'll post some more info over the next few days.

    Cheers,

    GB.

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