Bullboard - Stock Discussion Forum Multi-Metal Development Ltd V.MLY

Alternate Symbol(s): MLYCF

Metals & Mining Industrial Metals & Minerals

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... see more

TSXV:MLY - Post Discussion

Multi-Metal Development Ltd > Int. Cumo with 182 million shares @ close of $.39/sh shows

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Post by silverbaronalbe on Feb 09, 2023 9:30pm

Int. Cumo with 182 million shares @ close of $.39/sh shows

capex of $70.98 milliom - and I'll take that Michaelvin anyday.

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Comment by babymines on Feb 10, 2023 10:13am

When moly was at $40.00 in 2005 Cumo was over $2.00 per share. Now moly is at $40.00 and Cumo is .03. Now 10 million in debt, can't service silver debentures liabilities. How can they clear the liabilities?

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Comment by michaelvim on Feb 10, 2023 10:26am

well my friend, why face reality here? Cumo could not raise di$k with $7 million valuation. But for some reason now that it's in the pink sheet deal with now an approx $80 million USD valuation it will be able to. lol, u can't make this s$it up! meanwhile if MLY, which it can't due to lock up attempted to sell oh say even 20,000 shares of pink sheet deal, the stock would be at $.02 ...more

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Comment by silverbaronalbe on Feb 11, 2023 8:58pm

In 2005 the focus of Cumo (Mosquito) was gold - not moly and McClay was at the helm and where did the share price go from there - I think at this time the company went into drilling company.

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Comment by tennispro on Feb 14, 2023 1:18am

Now there is no focus. Well done

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Comment by raber on Feb 15, 2023 3:23pm

No it was not about gold . it was all about the CUMO mine being the greatest thing of all time. The share price has been going down from 2.50 in 2006 to .01 in 2023

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Comment by JackCross on Feb 16, 2023 11:21am

Yeah, the focus was always on this super-amazing mine that would be the top low-cost producer of Moly on the planet (could basically take a shovel and extract it for free), top 10 of copper, and with enough gold and silver to pay for itself - everything would be gravy on top of that. It's pretty much been a free fall from those promises.

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