Post by
piltech on Jul 27, 2005 12:18am
MPM near all time highs: here is why
1) MPM is about to close the Ben Lomond acquisition: The Ben Lomond resource has in excess of 10 million pounds of mineable reserves U3O8 (Uranium) and a Molybdenum credit of 0.15% . At US$30 a pound for U3O8 and US$30 a pound for Molybdenum the in-ground value of the combined metals is over US$500 million.
2) MPM's partner on the Mt. Kakoulima project is FNX Mining Company Inc. ("FNX"). FNX took the McCready West Mine Ni discovery, the Inter Main Deposit, from discovery to production in 14 months. The FNX exploration team comprises ex-Inco, Falconbridge and WMC senior geologists and management. MPM benefits from the expertise of a proven, world class nickel exploration team in FNX and is very well leveraged for exploration successes.
3) MPM/EWR: MPM's partner in Shebandowan, their property is contiguous and on strike to the FWR discovery. There will be extensive drilling this summer.
4) MPM is fully funded with over $10,000,000 in the treasury.
5) MPM has other uranium assets in Mongolia and Argentina which are being explored.
Comment by
Lynx9 on Jul 28, 2005 10:21pm
Wonder who gets the $10,000,000?
Comment by
oasistalisman on Jul 30, 2005 12:33am
Lynx9 what do you mean?? Explain yourself!
Talisman