MLS - Metals Australia

[CanOz]

Really? Any idea when we can expect another ann?

 

[MiningGuru]

Latest drilling data is being interep'ed at the moment.

As soon as that is done there will be a further annoucement

 

[MiningGuru]

Held up well today.

Taking a breather before the next move upwards!

 

[imajica]

good volume and solid buying today

looks like a lot of accumulation has been going on the past few days

gearing up for the next rise - all the signs are pointing to a push into the high 3's next week - looking good

 

[sleeper88]

good volume and solid buying today

looks like a lot of accumulation has been going on the past few days

gearing up for the next rise - all the signs are pointing to a push into the high 3's next week - looking good

i agree..moving up slowly, with buyers building up, now where's the next set of drilling results?

 

[two40]

I like the look of this one so I went in today.

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

Can I ask how you came to 1/2 a billion $? I'm a newb so I've probably got this wrong but:

1,052,640 t
7.64% yield
-------
80,422 zinc yield
-------
4,300 zinc price p/t in US$
-------
345,813,293 value in US$
-------
0.77 ex rate AU$/US$
-------
262,818,103 value in AU$


Looks like a quarter of a billion to me. I'm probalby wrong because I honestly know crap all. Having said that could you please show me how to calculate it properly?


240

 

[deftfear]

You have converted the amount into AUD incorrectly, $1 USD = $1.30 AUD, it comes to around $450m if it is calculated this way.

 

[two40]

Too true. Thanks.

1,052,640 t
7.64% yield
-------
80,422 zinc yield
-------
4,300 zinc price p/t in US$
-------
345,813,293 value in US$
-------
1.33 ex rate AU$/US$
-------
459,931,680 value in AU$


240

 

[two40]

can i ask a simple question please...

when a report says "2.4m @ 12.75% Zinc from 163.52 meters" what does it mean exactly?

cheers
240

 

[sleeper88]

can i ask a simple question please...

when a report says "2.4m @ 12.75% Zinc from 163.52 meters" what does it mean exactly?

cheers
240

ok two40..im no mining expert, but im pretty sure it means: from a depth of 163.52 from the surfance, there is a 2.4m (presumably from depth of 163.52m to 165.92m) mineralisation with a grading of 12.75% Zn
for those mining gurus correct me if im wrong

 

[sleeper88]

up approx 9% so far today

 

[imajica]

price remained solid at close - 3.4c

closing higher is a bullish indicator for the rest of the week

 

[johnmwu3]

With solid buying volume, hope tommorow stay up on 3.4c, and building up price next.

 

[two40]

let's see if it breaks its year high by the end of the week.

 

[johnmwu3]

Break through 3.4 on solid buying, and more than 3mil. buying on 3.5 c.
MlS will fly.

 

[sleeper88]

Break through 3.4 on solid buying, and more than 3mil. buying on 3.5 c.
MlS will fly.

yep, strong afternoon buying, and pushing 3.7c, it's ready for take off good performance today considering the all ords is down 31.9

 

[CanOz]

Break through 3.4 on solid buying, and more than 3mil. buying on 3.5 c.
MlS will fly.

I'm very happy to see this moving on no ann in this market! Agree that there seems to be good support for 3.5 for the time being.

 

[imajica]

solid bullish close with some strong afternoon buying (nice big 1/2 - 1 million share orders) - could there be an announcement soon?

it is a strong indicator for further price appreciation tomorrow - will we see 4 cents tomorrow? I believe we might

 

[sleeper88]

strong buying today, up to 3.5c

 

[two40]

just waiting for an ann