MLS 4.76% 2.0¢ metals australia ltd

Ann: Further Drilling Intersects Near Surface High Grade Graphite, page-40

  1. 2,318 Posts.
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    We have 2 great announcements , but the debate seems to focus on how many shares MLS has.
    Surely the key question should be how much resource we may have , and what market cap. that would warrant .
    I would have thought that any significant good grade Cg resource would warrant a market cap. well beyond $5m .
    At least the exploration process appears to be producing great results .
    I am not sure how far the drilling has stepped out yet , but my recall from reading the Lac Knife 43101 Technical Report is that their JORC measured resource only extends about 400m ( from memory ).
    All MLS can do is to continue to bring up good results , the rest will have to look after itself .
    Any thoughts on an appropriate market cap. if the good results continue ?
    Good luck
    Q

 
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