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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

Comment by babymineson May 11, 2022 7:35pm
251 Views
Post# 34676070

RE:RE:Low Ball

RE:RE:Low BallThe value of Cumo is based on the revaluation of the 43-101. The exchanged forced the revaluation. Remember the halt? Remember that the Cumo was forced to hire a new engineering firm to get Cumo relisted. You know that. The new board has to base the evaluation on that report. To move forward new drilling will have to be used to establish a new value. Have they announced new drilling? No so they will use the old rill results and the established 43-101. New name , new marketing? They are insiders to the large major mining firms and the new board will try and push the existing 43-101 to the majors. The story will be that acknowledge management made mistakes, but the resource is sound. They will use their experience to justify the value
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