All I have to say is:
669,608,765 shares with a market value of $46,939,875 (at aa value of 7.7c)
106,150,000 options with a market value of $2,866,500 (at a value of 2.7c)
Total market value of $49,805,925
Less cash in Bank $ 5,970,000
Gives a current “market” value of $43,835,925 for business.
Hmm lets see last true resource calculation was in 2000 with a total resource of 1,052,640t @7.64% ZINC gives 72,380t in refined Zinc (allowing a 90% extraction)
So, market value less cash, $43,835,925 divided by 72,380t says that the Market believes that the MLS zinc is worth $606.00 a tonne based on old data.
- Current Zinc price is $3,600.00 a tonne.
- The resource looks like it will be upgraded by year-end at the latest based on zone A and drilling completed last year (I guess atleast 2x3 times old estimate).
- The main source has not yet been found.
- Copper has been found and good quantities in Zone B with assay results due shortly.
- Zone D has been mined a shown in today announcement (refer announcement 31/01/2007 to see significance of this)
- ARH is working hard on Sherlock Bay as they have significant financial backing and we have a 30% walk in the park so if nothing eventuates it costs us nothing but it certainly looks like the opposite as significant cost is being worn by ARH.
- MLS is working on U in Africa; cost us nothing to get tenement and the area is known for U since 1970’s how much has technology improved since area was last surveyed. SIGNIFICANTLY.
Really I don’t know what there is to down ramp with this stock. Just sit back, relax, and wait. Investing is about long-term not short term. Let the day traders play the stock now and not really look into the stock.
Those who hold, hold for a reason. that being it is currently SIGNIFICANTLY undervalued..............
DYOR FIO
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2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.18M |
Open | High | Low | Value | Volume |
2.6¢ | 2.6¢ | 2.5¢ | $12.84K | 513.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 54056 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.6¢ | 6750 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 54056 | 0.025 |
10 | 763037 | 0.024 |
7 | 1699348 | 0.023 |
10 | 2814361 | 0.022 |
2 | 342857 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 6750 | 1 |
0.027 | 310101 | 4 |
0.028 | 721292 | 3 |
0.030 | 511684 | 6 |
0.031 | 307801 | 2 |
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