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Macarthur Minerals Ltd V.MMS

Alternate Symbol(s):  MMSDF | MMSLF

Macarthur Minerals Limited is an Australia-based iron ore development, and lithium exploration company that is focused on bringing to production its Western Australia iron ore projects. The Company has three iron ore projects in the Yilgarn region of Western Australia and two exploration project areas in the Pilbara, Western Australia for targeting iron ore. In addition, it has lithium brine interests in Railroad Valley, Nevada, United States. Its iron ore projects include Ularring Hematite Project, Moonshine Magnetite Project and Treppo Grande Project. The Lake Giles Iron Ore Projects (Moonshine Magnetite Project and the Ularring Hematite Project) are located on mining tenements covering approximately 62 square kilometers (km2), 175 kilometers northwest of Kalgoorlie in Western Australia. The Treppo Grande Project covers an area of over 68 km2. The Pilbara Projects tenements include E45/5324 and E45/4735. The Reynolds Springs lithium brine project covers an area of around 18 km2.


TSXV:MMS - Post by User

Post by cammac46on Mar 19, 2022 10:02am
168 Views
Post# 34527662

Bidding War maybe

Bidding War maybeTwo of Austrakia's biggest Miners have approximately $15 Billion each in their Baggy Pockets not doing anything useful.  A third, Mineral Resources is running low on Iron Ore at their old Cliffs mine not too far from Lake Giles,  All 3 should be "Very Interested" in getting their mitts on this Project which remains only Partially Proven "Reserves"...lots more drilling ro do before the rest is called "Reserves"...simply inferred or whatever for now,  My opinion is that all 3 of them...and maybe more should have their golden pencils out as we speak figuring out how much MMS/MIO is worth long term to them,  I smell a "Bidding War" , one that will have the winner smiling and Shareholders here smiling as well.  If they don't try to get it...it begs the question, how did they ever get $15 Billion in their pockets in the first place.  This had Bidding War written all over it.
GLTA...cam
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