Originally Posted by
shasta
Steve
What the market seems to be missing with MLM in particular is that it isnt just an LIC sucking out fees for the top brass, they have some interesting projects in there own right ie Nornico, a large Nickel, Cobalt, Scandium project.
MLM's current value basically = MTE shareholding, the $4m cash, the remaining $20m of listed investments & unlisted assets are FREE!.
MLM @ 27c = MCap ~$31m
Cash @ 31/3 = $4m
Listed Investments (all ASX):
MTE = $31m (Coal)
CBX = $13m (Bauxite)
PMQ = $4m (Copper/Gold, Tungsten)
ORM = 3m (REE, Gold)
NTA = 48c
Discount to NTA = 43%