MNE 5.26% 3.6¢ metallum limited

time to get set, page-5

  1. 9,896 Posts.
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    Hey quantum46, our market cap is ridiculously cheap. We already have a small jorc.

    We obviously have a resource that will be shallow and openpit in about 6 different locations. Mindanao is the lowest cost per ounce gold producing area in the world as far as I know. Inrastrucure close by. Medusa will be $250 an ounce but their sp is getting whacked like all gold producers at the moment with a falling gold price. Some other miners nearby have a negative cost.

    I like the photo of Tagpura North. Looks like the whole hill is a mountain of gold. Taub has high grade veins running everywhere. Then there is 4 other locations.

    Unfortunately, it looks like we have a loose register. The volumes traded over mid October to mid Jan are ridiculous for a 100 mill share company and really is symptomatic of this market at the moment. Not too many longer term investors.

    I have picked up some more in the 8 cent range.

    I can wait this out.
 
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