MLS - Metals Australia
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No Ordinary Duck
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Might be better to hold at these levels instead of trading, appears that a few traders are getting in at high levels and are now sitting on losses, or have had to sell at a loss.
Trading can be very risky considering the breakout level was touched today but was not breached.
Trading can be very risky considering the breakout level was touched today but was not breached.
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Has again closed at a 5 year high.
May not have breached recent inter-day trading highs, but for the last couple of days has finished at closing highs.
Surely a good sign for next week?
May not have breached recent inter-day trading highs, but for the last couple of days has finished at closing highs.
Surely a good sign for next week?
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Metals Australia (MLS)
Potential for significant zinc resource extensions
Speculative Buy
$0.07
MLS is focused on its Manindi zinc project that is located in the East Murchison District of WA, 20 kilometres south east of Youanmi. The project was previously known as Freddie Well and was initially discovered and explored by CRA Exploration in the late 1970s and early 1980s. The project comprises a series of volcanogenic massive sulphide zinc deposits. The geological environment shows similarities to those of other base metal sulphide deposits in the Yilgarn Craton such as the Golden Grove deposits located to the south west of Manindi, at Yalgoo, and the Teutonic Bore and Jaguar deposits in the Eastern Goldfields.
The current global resource is 1.05 million tonnes averaging 7.64% zinc and containing 80,200 tonnes of zinc. There is strong potential for significant additions to the resource tonnage through further drilling and MLS aims to commence a diamond drilling program in January 2007. This follows on from a program of 17 reverse circulation drill holes and downhole electromagnetics that was conducted in June and September 2005. Results from this program included 18 metres averaging 14.96% zinc from 43 metres downhole. These results have not been included in the current resource estimate. The program was also successful in delineating conductors surrounding and adjacent to the existing resources as well as a significant target lying in an offset position to the main lode.
The current resource is contained within a three kilometre strike length and within four prospects. These are the Kultarr prospect which has been tested to a depth of 200 metres and the Kowari, Mulgara and Warabi prospects that have only been tested to a vertical depth of 100 metres. In comparison to drilling at Golden grove and Jaguar, the drill testing of the Manindi deposits is very shallow and at an early stage of resource definition.
A soil sampling program at 100 by 25 metre spacing, with infill sampling at 50 by 25 metre spacing has extended the geochemical signatures of the Mulgara and Warabi resource areas, and defined new target areas to the south at Bandicoot and east at Quoll.
MLS is currently reviewing processing options which include crushing and grinding followed by the flotation of a concentrate, crushing followed by heap leaching and electrowinning to produce zinc metal or the sale of ore to a third party for processing.
Previous work by BioHeap Ltd has shown that zinc recoveries of 97.1% can be achieved through the heap leaching of ore using bacterial technology. The results of further testwork carried out by AMMTEC, including ion exchange testwork, were sent to both Outokumpu and Ecotec for conceptual design and costing for ion exchange systems. Data from these companies is currently being evaluated by AMMTEC, who have also forwarded data to manufacturers of commercial electrowinning plants for conceptual design and costing for an onsite electrowinning plant.
Alternatively a conventional flotation circuit producing a zinc concentrate is also under consideration. This may prove to be the chosen option as it is likely to have a shorter lead time into production.
source:
http://www.intersuisse.com.au/notes/mnfriday.html
Potential for significant zinc resource extensions
Speculative Buy
$0.07
MLS is focused on its Manindi zinc project that is located in the East Murchison District of WA, 20 kilometres south east of Youanmi. The project was previously known as Freddie Well and was initially discovered and explored by CRA Exploration in the late 1970s and early 1980s. The project comprises a series of volcanogenic massive sulphide zinc deposits. The geological environment shows similarities to those of other base metal sulphide deposits in the Yilgarn Craton such as the Golden Grove deposits located to the south west of Manindi, at Yalgoo, and the Teutonic Bore and Jaguar deposits in the Eastern Goldfields.
The current global resource is 1.05 million tonnes averaging 7.64% zinc and containing 80,200 tonnes of zinc. There is strong potential for significant additions to the resource tonnage through further drilling and MLS aims to commence a diamond drilling program in January 2007. This follows on from a program of 17 reverse circulation drill holes and downhole electromagnetics that was conducted in June and September 2005. Results from this program included 18 metres averaging 14.96% zinc from 43 metres downhole. These results have not been included in the current resource estimate. The program was also successful in delineating conductors surrounding and adjacent to the existing resources as well as a significant target lying in an offset position to the main lode.
The current resource is contained within a three kilometre strike length and within four prospects. These are the Kultarr prospect which has been tested to a depth of 200 metres and the Kowari, Mulgara and Warabi prospects that have only been tested to a vertical depth of 100 metres. In comparison to drilling at Golden grove and Jaguar, the drill testing of the Manindi deposits is very shallow and at an early stage of resource definition.
A soil sampling program at 100 by 25 metre spacing, with infill sampling at 50 by 25 metre spacing has extended the geochemical signatures of the Mulgara and Warabi resource areas, and defined new target areas to the south at Bandicoot and east at Quoll.
MLS is currently reviewing processing options which include crushing and grinding followed by the flotation of a concentrate, crushing followed by heap leaching and electrowinning to produce zinc metal or the sale of ore to a third party for processing.
Previous work by BioHeap Ltd has shown that zinc recoveries of 97.1% can be achieved through the heap leaching of ore using bacterial technology. The results of further testwork carried out by AMMTEC, including ion exchange testwork, were sent to both Outokumpu and Ecotec for conceptual design and costing for ion exchange systems. Data from these companies is currently being evaluated by AMMTEC, who have also forwarded data to manufacturers of commercial electrowinning plants for conceptual design and costing for an onsite electrowinning plant.
Alternatively a conventional flotation circuit producing a zinc concentrate is also under consideration. This may prove to be the chosen option as it is likely to have a shorter lead time into production.
source:
http://www.intersuisse.com.au/notes/mnfriday.html
CanOz
Home runs feel good, but base hits pay bills!
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Thanks STC!
Cheers,
Cheers,
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Seems as though this one is hitting the radars of a few financial advisors. First Intersuisse, now the latest recommendation comming from Cube Financial Group. .......Its official, the big boys are in town. 
Source: Cube financials Group
http://www.cubefinancial.com.au/admin/document_view.cfm?RecommendID=1073
Source: Cube financials Group
http://www.cubefinancial.com.au/admin/document_view.cfm?RecommendID=1073
Stop_the_clock said:Seems as though this one is hitting the radars of a few financial advisors. First Intersuisse, now the latest recommendation comming from Cube Financial Group. .......Its official, the big boys are in town.
Source: Cube financials Group
http://www.cubefinancial.com.au/admin/document_view.cfm?RecommendID=1073
Thanks for the information will definitely be looking at it closely
Hypnotic
Sean K
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Sean K
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Looks like there'll be lots of early volume. Interesting.
Sean K
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Perhaps $0.10 will be reached before 10.10amkennas said:
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Has broken past 7.4c and now selling at 7.7c
Strong volume.
Will push through to 10c soon!
Strong volume.
Will push through to 10c soon!
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I am not expecting it to go up any higher now. It has reached it's peak.
Reason is - I just bought some !!!!!!!!!!!
Reason is - I just bought some !!!!!!!!!!!
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Has now broken through to 8c!
Where will it finish today?? I think it will push strongly into the 8s
Where will it finish today?? I think it will push strongly into the 8s
tech/a
No Ordinary Duck
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Yes bought a second lot this morning selling out of EVE to do so.
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wouldn't it be easier to just hold...appears the traders keep paying and higher prices week after week. Its in a upward trend and speculation will continue for at least another couple of months.
Just buy and hold I say, too risky to trade and miss the boat
Just buy and hold I say, too risky to trade and miss the boat
