Nice find re MLS tenements alongside Novo from GreenBull all this hard work from GB is worth sharing.
STTCOMP MLS, FA LONG
(Metals Australia Ltd)
SP - 0.004c
MC – $6.6m
SHARES ON ISSUE - 1,669,072,777
MLS is currently undertaking exploration programs for Zinc, Graphite and Cobalt so news/results should come out any day.
A summary of the exploration programs is as follows:
Zinc:
Cobalt:
Graphite:
Another set of tenements that the Company has an interest in is in the new Pilbara connglomerate gold rush WITS 2.0 area.
Keep an eye out on MLS tomorrow and this coming week.
Current market cap is a tiny $6.6m which is nowhere near enough for its currently active Zinc, Graphite and Cobalt projects, let alone for the potential in the Gold tenements.
Market is asleep here in relation to the tenements that MLS has in the Pilbara, near ARV/Novo, VXR & DEG.
For those living under a rock, pretty much every Company with tenements in the area has multi-bagged:
ARV: 6c to 28c ($130m MC)
DEG: 4c to 16c ($42m MC)
VXR: 0.8c to 2c ($67m MC)
KAI: 2c to 9c ($52m MC)
DGO: 24c to $1.65 ($17m MC)
MLS should also easily multi-bag like the above companies have once the market becomes aware - hopefully tomorrow or in the coming week.
And MLS has one of the best positions for a nearology play - right in the middle of the two leaders (ARV/Novo & DEG).
I've done some more doodling on the map uploaded by @Delete per below to show locations of VXR & DEG relative to MLS as well as the latest discovery by DEG.
I've also found another map from DEG releases and added the MLS tenements in blue which shows MLS tenements surrounded by Novo/ARV.
Once the market becomes aware of the area held by MLS, you'd think that MLS will also multi-bag and it will also be starting from one of the smallest MC's at just $6m.
Add to that DEG's coming out of a trading halt tomorrow with expected positive news and the whole area will blow up to the next level.
Cheers,
GB.
Ps. as the other poster that is now on ignore mentioned, MLS has a 30% free-carried interest in the gold tenements.
More info which I posted on the MLS thread:
Tenements are owned by MLS & ARH
MLS has a 30% free-carried interest up until the completion of a BFS and a decision to commercial mining is made
So what that means is that MLS does not need to spend a cent and has everything to gain for free.
How many companies searching for conglomerate gold have that?
Also ARH is suspended from trading (and I suspect it has been delisted from the ASX) which does not make any difference for MLS.
If delisted then it's operating a private and/or non-listed Company which changes nothing for MLS - listed or non-listed JV partner.
If just suspended then that does not change anything for MLS either as companies can operate, explore, run their business and make announcements to the ASX while they are suspended - it just means that shares cannot be traded in that Company until the suspension is lifted (check out MNS for an example which has achieved more while under suspension then off it. lol).
Anyway, do you know who owns MLS's JV partner, ARH?
That little Billionaire Cliver Palmerguy in his personal name and through his Company owns about 70% of ARH.
So no issues at all for MLS and only upside whichever way you look at it, IMO.
Suspended, delisted, JV or no JV, none of that matters - MLS is at $6m MCand everything around it has exploded to many multiples of that - there's only one way for MLS to go?
We shall wait and see how it goes on Monday and then how it goes when MLS actually announce something.
