MLS 9.52% 1.9¢ metals australia ltd

give it time

  1. 1,525 Posts.
    All I have to say is:
    669,608,765 shares with a market value of $46,939,875 (at aa value of 7.7c)
    106,150,000 options with a market value of $2,866,500 (at a value of 2.7c)

    Total market value of $49,805,925
    Less cash in Bank $ 5,970,000

    Gives a current “market” value of $43,835,925 for business.

    Hmm lets see last true resource calculation was in 2000 with a total resource of 1,052,640t @7.64% ZINC gives 72,380t in refined Zinc (allowing a 90% extraction)

    So, market value less cash, $43,835,925 divided by 72,380t says that the Market believes that the MLS zinc is worth $606.00 a tonne based on old data.

    - Current Zinc price is $3,600.00 a tonne.
    - The resource looks like it will be upgraded by year-end at the latest based on zone A and drilling completed last year (I guess atleast 2x3 times old estimate).
    - The main source has not yet been found.
    - Copper has been found and good quantities in Zone B with assay results due shortly.
    - Zone D has been mined a shown in today announcement (refer announcement 31/01/2007 to see significance of this)
    - ARH is working hard on Sherlock Bay as they have significant financial backing and we have a 30% walk in the park so if nothing eventuates it costs us nothing but it certainly looks like the opposite as significant cost is being worn by ARH.
    - MLS is working on U in Africa; cost us nothing to get tenement and the area is known for U since 1970’s how much has technology improved since area was last surveyed. SIGNIFICANTLY.

    Really I don’t know what there is to down ramp with this stock. Just sit back, relax, and wait. Investing is about long-term not short term. Let the day traders play the stock now and not really look into the stock.

    Those who hold, hold for a reason. that being it is currently SIGNIFICANTLY undervalued..............

    DYOR FIO
 
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Last
1.9¢
Change
-0.002(9.52%)
Mkt cap ! $13.78M
Open High Low Value Volume
2.0¢ 2.0¢ 1.9¢ $23.94K 1.214M

Buyers (Bids)

No. Vol. Price($)
3 165038 1.9¢
 

Sellers (Offers)

Price($) Vol. No.
2.0¢ 2746370 2
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