High Grade Cobalt,World Class Resource

Relative to Market Cap,when comparing different Cobalt grades,depths and resources owned by asx listed companies one stands out from pack...Its Metallica Minerals.
Along with our Robust feasibility of our Bauxite deposit,near term production,with a NPV upwards of $80m for a capex of $1m,I for one am gobsmacked MLM is still only Valued at $16m.
Our Recent Agreement with AUZ for our High Grade Sconi Cobalt asset allows our management to focus on Urquhart with shipment planned for June.
The Agreement which i have noted here derisks MLM significantly whilst still holding a large portion of a high grade world class asset.
• Completed Joint Venture with Australian Mines12 to: • Preserve value
• Maintain upside exposure to cobalt, scandium and nickel markets • Reduce cash costs to focus on Urquhart Bauxite
• Key terms of the Joint Venture are:

• •  Payment of $250,000 (received)
• •  $10 million expenditure or BFS to earn 50% over 4 years
• •  Secure suitable financing to earn a further 25% (total 75%) over a further 18 months%

50% of the project for upwards of spending $10m shows that AUZ are valuing this project well above $20m.
MLM market cap is $16m,we are extremely undervalued considering our assets.
The Grades from Sconi are some of the best around and are 5 times as good as some recently ann assays of peers listed on the ASX with market caps in excess of $20m.
Grades and conditions for the Sconi project that MLM have with AUZ are exceptional and investors agree with over $4m raised to develobe Sconi by AUZ last week.
This is serious !!!
“With scandium and cobalt set to play pivotal roles in the rapidly developing electric vehicle industry, Australian Mines finds itself uniquely positioned with two high-quality scandium – cobalt ore bodies in the low-risk mining jurisdiction of Australia”.
“With scandium and cobalt set to play pivotal roles in the rapidly developing electric vehicle industry, Australian Mines finds itself uniquely positioned with two high-quality scandium – cobalt ore bodies in the low-risk mining jurisdiction of Australia”.

“Using BHP Billiton’s own definition1, Australian Mines’ Sconi Project is truly a ‘world-class’ deposit, which as BHP puts it, is important to investors because “they make lots of money for a long time” and world-class deposits “help launch major mining companies”. The Scoping Study for Flemington, which will be released in the coming weeks, will indicate whether it too falls into the ‘world-class’ category”.
This is a company with huge potential
15c is fair value
I will be holding to well above 30c
all the best holders