MLS - Metals Australia

[SevenFX]

MLS is up 25% and has some strong buying volume in this down day.

Good News Out on Zinc find driving it up.
http://www.asx.com.au/asxpdf/20061019/pdf/3z2jnw2dkrkr7.pdf

 

[imajica]

this one is looking good at 2.4 cents it is super cheap

further drill results pending with encouraging results so far

definitely worth a gamble

 

[imajica]

up 8% to 2.6 cents

awesome activities report


Have a read of this outstanding report

Highlights of drill results

1,052,640 tonnes @ 7.64% zinc

an inground value of nearly 1/2 billion

note: this resource estimate does not include the latest drill results completed in June and September - which will undoubtedly expand the resource

market cap : 17million


DYOR

 

[imajica]

forgot to mention they have 6.5 million in cash

more than a third of their market cap

 

[imajica]

2.7 cents now

buyer side is building rapidly

could pop at any moment

 

[MiningGuru]

This one is about to surge!

So cheap at these prices, with 1/2 a billion dollars of zinc in the ground!

Mining Guru

 

[SevenFX]

I think it's only fair you guys share your profits , as I spotted it, but then took my eyes of it.... bugger...

Good Luck...

 

[MiningGuru]

MLS would be an ideal takeover target for ZFX.

Super cheap too!

The Mining Guru

 

[imajica]

daytraded this one today for some beer money

will buy back in on Monday and will hold

those imminent drill results - if they can prove up a JORC compliant resource that is double what they currently have we could see an in ground value of a billion dollars


market cap: 17 million

this one is going up quickly


in the late arvo the price was being manipulated, keeping it down for further accumulation. at any moment this one could pop

 

[sleeper88]

im considering purchasing this one, but im still tossing up between MLS and AAR

so far AAR's Koongie Park resource stands at
Sandiego
Zn zone: 1.3mt @ 0.6% Cu, 1.3% Pb, 9.1% Zn, 16g/t Ag, 0.34g/t Au
Cu Zone: 0.92mt @ 2.9%

Onedin
Zn zone: 1.14mt @ 0.70% Cu, 1.2% Pb, 7% Zn, 40g/t Ag
Copper zone: 2.22mt @ 1.2% Cu, 1.7% Pb, 2.7% Zn, 38g/t Ag

anyone got any ideas?

 

[johnmwu3]

From the chart point, AAR just up from 4c to 8c, and MLS is still at the bottom.
Only for Ref.

 

[Halba]

AAR's mkt cap is more than MLS(you have to pay double the mkt cap)

a no brainer MLS is cheaper

 

[imajica]

solid buying this morning - market is starting to notice the value in this one

when the further assay results are announced - we will see a nice spike in the share price

 

[CanOz]

Anyone think these guys could be a takeover target from a bigger company looking to secure more Zinc given the state ot that metals market atm?

 

[sleeper88]

got some this morning at 2.7c

 

[CanOz]

The charts looking good, i would like to see it pass through this resistance though...a close too far off the the high would not be too good.

 

[MiningGuru]

It has really started moving today.

But it still has along way to go!!

The grades just get better. Is has 1 billion tonnes at over 12% zinc.

Also has U and ground next to Oxiana.

Fantastic.

Should get to 10c + very soon.


The Mining Guru

 

[sleeper88]

It has really started moving today.

But it still has along way to go!!

The grades just get better. Is has 1 billion tonnes at over 12% zinc.

Also has U and ground next to Oxiana.

Fantastic.

Should get to 10c + very soon.


The Mining Guru

ummm..i honestly hope ur right..coz i'll be a millionaire if they had 1 BILLION tonnes at over 12% zinc ..i fink u meant 1mt @12%

 

[CanOz]

ummm..i honestly hope ur right..coz i'll be a millionaire if they had 1 BILLION tonnes at over 12% zinc ..i fink u meant 1mt @12%

Thanks Sleeper88...I wanted to ask that but thought i must have missed something!

 

[MiningGuru]

There is over 1 million JORC resource, but much more that hasn't been quantified to that level yet.

There will be a massive resource increase with this one!