daytrades feb 21 pre-market, page-46

  1. 2,593 Posts.

    stock to watch

    MLM update at 21/2/11

    MLM - M/Cap @ 28.5c = $33.3m
    MLM's cash and listed invetsments = $53.49M

    MLM hold shares in the following listed Co's.

    MTE Metrocoal 80M shares @ 36.5c = $29.2M
    CBX Cape Alumina 38.6M Shares @ 33c = $12.7M
    PMQ Planet Metals 45.5M Shares @ 9.2c = $4.14M
    ORM Orion Metals 11.87M shares @ 19c = $2.25M
    Cash (31/1/11 from Quarterly)= $5.2M

    Total cash and listed invetsments = $53.49M

    Total cash and listed invetsments value to MLM share = 45.7c

    In addition
    MLM's own exploration holdings include
    Nornico (Ni,Co,Sc)- $45m net cash flow mine over 10 years due in prod in 2013.
    Greenvale Ni,Co
    Lucky Break Ni
    Scandium Sc
    Phoenix Lime (Limestone)
    Oresome (Zircon Rutile)
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