Having glanced through today's quarterly its hard to tell which is the best story, the uranium or the zinc. Those uranium grades are huge. Also, MLS has the 'good' type of uranium ore (alaskites) as per Rossing and Bannerman, rather than the more difficult calcrete as per Paladin.
However, its a bit confusing at times, as an investor, having a multiple focus with the uranium, zinc, and the Sherlock Bay nickel as well. I would be happy with a company split, one for the uranium, one for the other projects. But I would hold both resultant companies in any case.
Time to celebrate as my 12 months CGT discount applies from tomorrow, 1st November. Hence, now I get to keep 75% of the profits, rather than only 50% (roughly). I bought in at 3.1 cents purely for the Zinc, the Nambia uranium is an unexpected bonus.
MLS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
