MMW magma metals limited.
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re: Ann: MAJOR GROUND POSITION STAKED AROUND ... This company...

  1. david25
    5,655 Posts.
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    07/08/11
    03:56
    Post #: 8784663
    re: Ann: MAJOR GROUND POSITION STAKED AROUND ... This company might have long term potential but has high capital costs.

    Start up capital for one of their mines is around $210 million. The mine only delivers $340 million profit before tax or around $238 million after tax. The result for their current mine plan probably break even.

    Its a dark horse.
    MMW Price at posting: 23.0¢ Sentiment: ST Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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