http://www.abnnewswire.net/press/en/64864/Australian_Market_Report_of_December_21,_2010:_Metals_X_(ASX:MLX)_Commence_Copper_and_Silver_Production_at_the_Renison_Tin_Project_in_Tasmania.html
Metal X producing copper concentrate from the Renison Tin project in Tasmania with target of 1000-2000 tonnes per annum and considering silver production of up to 100,000 oz per annum.
The potential for VMS is therefore clearly further expanded as Renison has similar geology as Mt Lindsay. With Tin, Tungsten, DSO grade Iron Ore and possibly copper concentrate VMS has a long way to go.
As VMS moves through the feasibility studies towards mining I would see that we can have an increase in market value in multiples of today's price. Dilution is expected but it will not change the potential and for me this is one to hold for the next 2 years for possibly huge profits. The current flat share price is really a great buying opportunity,
BR
Max
http://www.abnnewswire.net/press/en/64864/Australian_Market_Repor...
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Mkt cap ! $32.06M | |||
| Open | High | Low | Value | Volume |
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