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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

Post by babymineson Jul 29, 2021 9:15pm
200 Views
Post# 33630290

Read the News Releases

Read the News ReleasesRead the NR for the last 10 years. New project, best in class opportunity. New money comes in and then the same. Nothing ever happends. I believe why no large caps companies even look at the this project is because  they can not trust the data. They would have to redrill the resource to verify the data. The cost would be expotentional to the sale price. 3 times the resource has been recalculated all downward. Ask yourself why Cumo has not drilled the idaho property. Cumo has a new engineering firm recalculate the old data, not new data. Chain of custody might be an issue? But what can't be disputed is that everytime new money comes in, expenses go through the roof. Consulting fees on old data that has already been paid for. Look at thd data if you think I am wrong, the only difference a new project was announced.
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