MNE 5.26% 3.6¢ metallum limited

buyers building, page-32

  1. 623 Posts.
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    hi guys
    i have done a lot of reading on this project and to say i am bullish is an understatement, i am up to my nuts in this and i am waiting for confirmation of bulk sample and mining permit approval, if these come good then i am all in :)

    the history behind the area and surround is great, we are lead to believe that the current owner is mining, producing good grades.

    i would like to see from bulk samples, we achieve the projected target of between 2.5 % and 3.5% but to be honest the MD has a habit of under promise and over deliver.
    we are waiting for further assay results which are due any day, the bulk sample looks to be in approx a few weeks and mining approval in April some time, they are currently looking at all three and i believe they will try to get the 5000 t mining approval for all of them, imagine if they achieve this then we can look at a market cap well over 60m.
    ( this could be done in a very short time )
    as far as CR, to be honest i really do not know if this will happen,i do not know the cost of mining 1000 or 5000t and what there current costs per month are but i am sure they will do everything they can to not add to the register but if they do so then so be it. i am sure it will be to take us to the next level, which is a good thing. i have spoken to a few in company and what has been discussed i am very happy to be a shareholder right now and look forward to an amazing 2014.

    good luck to everyone and hope we can all enjoy the ride this year
 
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