MLM 13.3% 1.7¢ metallica minerals limited

Mining License coming?!, page-94

  1. 12,010 Posts.
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    Govts are always slow, but the company has all the environmental paper work issued so it should be a given.
    Your $25m market cap at 7.8c is basically only a PE x 2 times. That means it could be 15c and only on a PE of about 4. This thing should do very well indeed once the license is issued and it also has a lot of cash. I wonder if they will use some of the cash to dive even more production. Seems like a good use for the money to me. dyor
 
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