Hi all, heres just a tip i put in for Short term competition. Basically just all my notes regarding projects. Theres no new information in here. All just from previous announcements
STTCOMP MLS, FA LONG
MLS - Metals australia
MC = $6.6 million
Cash = $2.5 million
EV = $4.1 million
6 different projects focused on zinc/cobalt/lithium/graphite/uranium
IMO each project warrants a valuation higher than the EV. Coincides greatly with rising zinc cobalt and lithium prices. Many are expecting lithium boom 2.0, another cobalt run and some people talking about possible graphite boom.
Newsflow expected this quarter
-Manindi Project drilling results
-Lac La Motte project drilling commencement
-Lac La Motte project drilling results
-Lac De Marcheur cobalt project acquisition completed
-Lac De Marcheur drilling commencement
-Both graphite projects drilling commencement
Zinc - Manindi project (australia)
-2nd phase of drilling completed. Results due next few weeks.
- Project focusing on zinc due to zincs rallying prices close to 52 week highs. While having copper/silver and potentially cobalt and lithium as by products. Which will help economic and feasability of project.
- JORC resource 76,553 tonnes zinc with follow up drilling programs aiming to increase JORC. Previously unknown massive zinc resource found close to surface.
- Thin sections of cobalt intersected, folllow up drilling program aiming to find main source of cobalt mineralisation.
- Lithium bearing pegmatites mainly lepidolite, some spondumene and eucryptite with historic drilling assays showing up to 1.53% lithium.
Cobalt - Lac du Marcheur (Quebec, Canada)
- Drilling program scheduled Q3, 2017
- Decent grade 0.18% cobalt trench samples with neighbouring prospects having up to 0.25%
-Mineralisation in form of massive sulphides
- DRC is main producer of cobalt which is politically unstable. Much less risk in Canada.
-Expecting news that acquisition is completed as due diligence has been done and shareholders have approved payment in fully paid ordinary shares
Lithium - Lac La Motte (Quebec, Canada)
- Drilling program to start Q2, 2017(maybe is delayed or maybe has commenced without an anouncement
- Mineralisation occuring in medium to large spondumene crystals
-Historical drilling was targeting gold but has intercepts up to 1.65% lithium
-Huge lithium deposits in neighbouring tenemants. Some with JORC's
Graphite - Lac Rainy Est and Lac Rainy Nord projects (Quebec, Canada)
- Drilling to commence August, 2017
- Surface results up to 28.1% graphite
- Neighbours (Lac rainy Knife project) feasability study has potential to be lowest cost highest margin graphite producer in the world.
Uranium - Mile 72 (Namibia)
- 0.54% uranium - some of worlds highest grade
- 2 phases of drilling completed, exploration license increased another 2 years.
- Strategic holiding in belief uranium prices will recover from recent lows.
DISCLAIMER: Yes I hold shares in MLS. Do not take the above as a buy or sell reccomendation. DYOR
MLS Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
