MLS 5.00% 2.1¢ metals australia ltd

Hi,That MLS has found Lithium is a good start. What I found even...

  1. 548 Posts.
    lightbulb Created with Sketch. 158
    Hi,

    That MLS has found Lithium is a good start. What I found even more exciting is the fact that they found relatively high grades of Rubidium.

    The price of Rubidium is 2 and a half times the price of gold. $125,000 per kg. (Tantalum is around this price too.)
    So 16m @ 0.32% Rb is comparable to 16m @ 0.80% Au.

    That sound rather amazing to me when considering that this is only the by-product of mining 1.12% Li.

    When looking at the share price movement today it appears that I missed something.

    Can someone tell me what it is?

    75% of drilling completed and essay results should trickle in over the next 2 months. Market cap $53Mill appears to me at the very low end of a reasonable valuation.

    I guess time will tell.

    K
 
watchlist Created with Sketch. Add MLS (ASX) to my watchlist
(20min delay)
Last
2.1¢
Change
0.001(5.00%)
Mkt cap ! $14.85M
Open High Low Value Volume
2.0¢ 2.1¢ 2.0¢ $22.16K 1.091M

Buyers (Bids)

No. Vol. Price($)
6 496354 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 737328 1
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
MLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.