oppies still a good buy but beware, page-7

Hi all I haven't posted in the last week or so, at least the posting standard is picking up on mls,
this company for me is as well by far my biggest
focus and position, like t4p shared with us.

and as posted previous,
I still hold a large position on the heads and in the past month manage to accumlate about 4% of the listed oppies between 5-5.1 .

At the time due to no allowance for time premium of 28 months an absolute steal,as mention previous I couldn't help my self and now set.

Well now for my take on mls,firstly I must state I'm no trader though in saying in the same token if I think a stock has over shot I'll take some profit.
Metals attracted me to it"s boutique and evolving Manindi zinc play imo not only as state by a number of us posting over the last six months, as having blatant said about it'sresource up grade,but to be realistic and conservative.

I've allowed an increase in resource of between 1.5mt to 2.25mt in my estimate, and more important instead of 1% zinc cut off,allow for a more realistic and meaning increase to say 2 to 3% which will reduce only slightly decrease the headline tonage, but if you factor two parts to this model firstly it will increase the grade and don't forget grade is king.

The second part is that the current jorc is aprox 1,052,000 tonnes at 7.6% zinc which was done back in 2000 as we all know with the drilling programe of 06 discovered richer grade along strike as well at depth as stated not included in current jorc,

from that program as stated in nov06 annoucement from down hole eletro test further anomolies were identfied see shade areas, now with 07 programe now current proving up a greater area and it seams to trend richer at depth.
With that to be taken into account I've allowed say possability of higher head grade of say between 9.5% to 10.5% zinc, don't forget a 1 or 2 percent increase in grade changes the whole dynamics of a mining companies model in thier scoping study and bfs ie bottomline profit.

The other fortunate thing for mls is the over all shallow deposit compare to others, which makes capex expenditue a lot less, which would more than compensate for lesser grade than say jml which up to 12 times deeper incurring substantial more cost in their program.

and the way zinc stock piles are dropping prices will catch up.
From memory jml which has aprox half the amount of shares with a share price of $1.33 and probably only 18mths ahead of mls .Metals has already stated it profitable to mine with current jorc when zinc was less than half 2ys ago and I wouldn't be at all suprise if they are not already into their scoping study with whats in hand from the last two years of exploration.

As alot of you already know once it gets to bank feasibility study (BFS) then mine constuction share price usually will surge.

Now Uranium miles 72 potential is H U G E my limited understanding of U is that at 100 parts per million is profitable, I suspect they will come back to us with a signficant and broad based anomolies that will need major follow up exploration program in it's own right that could send this stock way up past blue sky to near space that it trajectory is about to start.

All in my own opinion

many regards Expand.