MLS 5.26% 2.0¢ metals australia ltd

percentage of deposit, page-5

  1. 4,056 Posts.
    lightbulb Created with Sketch. 953
    It appears you're dead right, James...I believe it IS 80%!

    Hmmm.

    So our in-ground calculations for the known resource become:

    1,052,640 tonnes grading 7.64% = 80,421 tonnes contained metal.

    80% of that is 64,337 tonnes.

    At last night's LME close that was worth US$293m or AU$381m...about 57c/share.

    Still not bad for a share trading at 3.3c with cash backing of about 1c/share.

 
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