Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by CalifDreamingon Nov 12, 2008 5:41am
227 Views
Post# 15580177

RE: $2.03 NAV Nov. 7 08

RE: $2.03 NAV Nov. 7 08NAV has got to be lower.  Almost all their plays are getting crushed - again.  And junk like Inca (once one of their biggest holdings) will likely be written off for a big loss.  Two of their three biggest holdings got crushed in the last couple of days - ML is now sub $1 and TCM is $3.65, less than half where they were on Nov 7.  QUA is almost down as much, but not at its 52wk low again, which is a victory of sorts.

In any event, NAV is almost immaterial now.  MLY is trading below cash value - the rest of their "assets" are deemed worthless even though one of their biggest assets (QUA) is also trading below cash value and others (like TCM) are backed by lots of cash. 

Sprott should wind this thing down - sell the rest of the equities for whatever they can get and return the cash.  No need for these jokers to suck shareholders dry any more by getting "Performance" Fees any longer.
Bullboard Posts