Thanks Shas.
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Thanks Shas.
MLM - NTA Update as 19/8/11
MLM @ $0.36 = MCap $47.0m
Cash @ $7.5m
Listed Investments:
MTE @ 73.5c = $58.8m (Coal)
CBX @ 18c = $4.8m (Bauxite)
PMQ @ 8.1c = $1.8m (Copper/Gold)
ORM @ 15.5c = $1.8m (REE's, & Gold)
Total LI = $67.2m
NTA = 57c
Discount to NTA = ~37%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized, Nickel, Cobalt & Scandium "Nornico" project
Shasta,
thanks for the update.
Well, you can now add another project they've optioned in on, and acquired off Rio Tinto no less! With a 37% discount to NTA, this one is a complete freebee.
http://stocknessmonster.com/news-ite...E=ASX&N=234573
Interesting stuff, although this seems quite strange, add another project or value to a company and the sp falls.
MLM - NTA Update as 26/8/11
MLM @ $0.35 = MCap $46.3m
Cash @ $7.5m
Listed Investments:
MTE @ 75.5c = $60.4m (Coal)
CBX @ 18.5c = $5.0m (Bauxite)
PMQ @ 8.2c = $1.8m (Copper/Gold)
ORM @ 15.5c = $1.8m (REE's, & Gold)
Total LI = $69.0m
NTA = 58c
Discount to NTA = ~40%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized*, Nickel, Cobalt & Scandium "Nornico" project
* Nickel 400kt, Cobalt 42kt (90% measured & indicated)
Other 100% owned projects MLM owns that the market ascribes no value for:
1. Zircon, Rutile, HMS project purchased off RIO - see ann today (production forecast 2013!)
2. 2 x Limestone & Lime Projects in Qld
3. Ni/Co project JV with MFC