MNE 5.26% 3.6¢ metallum limited

tomorrow, page-31

  1. 8,728 Posts.
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    Hi guys,

    Nice to see a bit of discussion to keep the thread alive in a positive manner.

    kingkev, I am only a small punter and look after my concerns hence ringing and able to talk to Zeff last time. I was worried about the 1000t when to be done to capitalize on revenues received to bolster the cash in the bank. But as it is, Zeff was only too happy to talk to me (and any other SHER if they ring as he said) and we had a good chat. He wants to engage in SHERs so don't be afraid.

    Didn't specify why the nature of this Chile trip but I guess it would be for a reason especially at this stage of the game to being close to producing but not surprised if its for a major purpose also.

    I don't think this is a too leaky boat with the recent CR. The SOPHs buy in at 2.8c and probably still have brokerage fees on top, maybe pushing up their buyin slightly and they need to recover this.

    Plenty of eyes on this stock at the moment and the radars must be flashing all sorts of signals alerting them of things to come in the pieline of becoming a producer. You don't become a producer if you have small grades of ore or smaller reserves, but be nice if we can achieve a reasonable tonnage and I think that their is plenty to come to last for a while .

    Maybe it has been mined for a few years and some better grades extracted so far but now its our turn to grab the rest and with it NEVER having modern exploration techniques applied a lot has been missed . 30KMs of veining mapped so far has proved this only at surface but its what at depth that counts where it is better grade and better width.

    I don't think that the last of the big grades have finished and with plenty more to come when drilling becomes involved. Whats hidden by the desert sands one may wonder and the chances are that it doesnt stop at the desert sand region which covers a large %age of the concessions held. New mining and exploration methods will sort this out.

    I like the fact that MNE have a good working relationship with the owners of these concessions and I sense that more is to come out of this dept. I think there are more concessions that we are not involved in yet held by the owners and can we later increase our holdings.????

    On Fridays late action one would presume that Mondays opening can be very well received. Big orders came in for support and no fear was shown so it was very confident move.
    Tipping a rise tomorrow morn to carry on the trend.
    If the DTers grab hold of this, LOOK OUT.
 
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