true market value of mli

Knock, knock, knock - anybody there !

Re-name the subject matter to reflect its write-up

Gold price has today gone back to US$893.75

With the US reporting season for quarterly results due now for the next 2 weeks or so - expecting overall poor results announcements

Gold price maybe going higher as a "financials safe haven" especially so with alot of "developed countries" are now printing paper monies and issuing Treasury bonds, without the backing of its Treasury assets (usually Gold) - this old School of Economics' theory will prevails when the "Bananas Republics of developed countries" be exposed in the future ! When that happen, GOLD will fly above US$1,500 (as predicted by many analyst)

By the way, anybody knows about the final settlement of AUD$17m from DRG Gold - my understanding is that the monies may already been paid into a Trust Account, pending release - as DRD Gold's shareholders have passed the resolution to purchase of the project

Once the AUD$17m is rec'd (should be any day now) - MLI will be strongly re-rated due its assets :: Cash AUD$17m (with no debts) + Gold Projects (5m oz @ AUD$893 = AUD$4.4B, but allow NPV at AUD$50 per oz (average Cash Cost at AUD$690 per oz, giving profit of AUD$203 per today's price) = AUD$250m !!!!) + Uranium Projects (27m lb @ AUD$5 per lb, giving a MV of AUD$135m) + Sulphur Project (value ?) --- Giving a NTA of $402m at 58.75c per share !!!

Discount that by 50% - we still get 29.38c

I am predict MLI to go back up to at least 20c from its present level of 3.7c

Any opinions from HC Posters

AngelofAngels