The recent quarterly report of Metals X notes the companys investments in Westgold resources, Independence group, Mongolian resources and Aziana Ltd, when the percentage of ownership to Metals X is matched to their repective SP it gives a value of 23 cents?, the report also states cash held by the company of $71 million this is before any value is given to them for having a producing tin mine that holds 1.5% of the worlds tin, a mineral that is forecast to have a world shortage for the next two years, the company is also forecasting better productivity due to upgraded machinery and the use of higher grade ore. This sure is one crazy market, GLTA that hold.
MLX Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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