MCT - FA. Low MC of $30 m. $5 M cash in bank. Just released very positive Zinc scoping study - Admiral Bay, largest prospect in Australia and top four worldwide. In discussions with potential JV partners. Zinc starting to fire up in the market and touted by Macquarie Bank and Goldman Sachs as first recovery metal. Price at 14 mth highs and bullish uptrend in place.
Press this morning.
http://www.smh.com.au/breaking-news...dmiral-bay-20160728-4iifa.html?skin=text-only
Also largest landholder in Pilgangoora, 5 km from PLS and Lithium newflow due imminently. Stannum, Greenbushes and Lake Cowan prospects. Strong Gold and Graphite portfolio and first rate management.
Short Term Trading Week Starting: 1st Aug, page-26
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