MLS 0.00% 2.4¢ metals australia ltd

explorer to producer, page-6

  1. 81 Posts.
    Well by reading all your posts, it seem most agree that Manindi is advancing well.

    I for one have noticed the companies increased communication to shareholders of late, combining with that the increased activity in it's prospects and as a result has led to an increased and firming share price.

    Manindi Zinc Project

    firstly Quote; Metals have begun a detailed development study of the Manindi project,with a view to bringing the project into production.

    After reviewing the update,I see Jorc resource upgade by say some time january 08,then subject satifactory outcome move to BFS [bank feasibility study] note a jorc resource is a firm asset to mls's balance sheet,thus a potential major increase to share price.
    Imagine they will proceed with development plans while drilling out,the other identified targets possibly as early as,feb/march 08.
    Which could substantial increase resourse tonnage further, with this and Miles 72 exciting prospects ie;drilling early 08 and expected grade results etc,will attract alot of broker interest and support,resulting in spec buy recomdations for metal's
    making metals a lot more desirable and valuble in the process.
    Market cap of $280mill to $400mill or 40c to 60c a share is then very possible to achieve in the short term 4 to 6mths.

    Regards Expand.


 
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