Very good report to read in latest Resource Stocks magazine
http://www.resourcestocks.com.au/profiles/archive/2011/August/startDownload.asp?File=Metallica Minerals.pdf
Excellent roundup at Diggers and Dealers conference
http://www.rmresearch.com.au/wp-content/uploads/RMResearch_DD_August_2011_Final.pdf
Refer to page 2 of the above report ? considered the MOST UNDERVALUED stock at Diggers and Dealers conference
Metallica Minerals (ASX: MLM): Cash and liquid securities of 66 cps (A$78 million) and
trading at 36 cps with plenty of upside from not only listed investments but also the ?Tri
Metals? Queensland located Nornico Nickel-Scandium deposit with total JORC Resources
of 49Mt at 0.8 Nickel, 0.09 Cobalt and up to 200g/t Scandium. Metallica is targeting
annualised production of 6,000 tonnes Nickel and 40,000 kg Scandium in 2014 from
Nornico.
Another useful report :
http://www.finnewsnetwork.com.au/CompanyReports/Metallica-Minerals/0
Read about why Scandium is so valuable
http://au.ibtimes.com/articles/195125/20110810/scandium-aluminum-rees-aluminum-scandium-zirconium-scandium-stabilized-zirconium.htm
This stock should be at $1
extremely undervalued
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Mkt cap ! $33.59M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 558903 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 20000 | 1 |
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