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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 Feb 23, 2023 5:53pm
457 Views
Post# 35302138

Metals

MetalsOne would hope that when the metal prices increase so would the value of mining stocks?  The is one glaring problem, Cumo is not in a position to capitalize on the price. Cumo is not a producing mine and it willl never be a producing mine while owned by Cumo.  It might be sold to a real mining company that can produce something. When mining companies look at purchasing a multi-billion dollar resource,  they look at the data, then they look at how the data was produced, then they look at the quailfied person. Is the data correct, well it has been revised several times down, are the decisions that were made by the management sound? You can put up new quailified directors, but the underlying science may still be junk. 
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