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Multi-Metal Development Ltd V.MLY

Alternate Symbol(s):  MLYCF

Multi-Metal Development Ltd is a Canada-based mining company. The Company's projects consist of CuMo Project in Idaho and Bleiberg Project in Austria. It operates in three geographical areas, being Canada, the United States and Austria. It owns a 100% of the CuMo Project, which is rich in molybdenum and also contains very significant credits of copper, silver, rhenium and potentially tungsten. The CuMo Project has two distinct layers of diversification: the upper half contains higher grades of silver and copper compared to molybdenum; the lower half is rich in molybdenum, with lower grades of silver and copper. The CuMo Project is situated in south-central Idaho, approximately 15 miles northeast of the town of Idaho City. It consists of 105 unpatented mineral claims. The Company intends to acquire a 100% interest in approximately 116 mining concessions making up the Bleiberg Property, located in Austria.


TSXV:MLY - Post by User

Bullboard Posts
Post by Sm00thon Jul 30, 2007 3:57pm
217 Views
Post# 13172831

Eric Sprott

Eric Sprottthe greatest thing about this fund is that if there is ever a fundamental reason for selloff of molybdenum stocks, I believe the Sprott Team would be one of the very first to know it and can react accordingly. This is why I have booked handsome profits in almost all of my other Moly stocks and now will let the master and his team play out the rest of the Moly story for me. Having a guy like Sprott work for you really helped out during last weeks market breakdown. Just my opinions
Bullboard Posts