Multi-Metal Development Ltd V.MLY

Alternate Symbol(s): MLYCF

Metals & Mining Industrial Metals & Minerals

Multi-Metal Development Ltd is a Canadian mineral exploration and development company with mineral rights interests in the United States of America and Austria. The Company operates in two geographical areas, being Canada and the United States. The Company’s flagship project is the CuMo molybdenum project (the CuMo Project), located in Idaho, in the United States. The CuMo Project has two distinct layers of diversification: the upper half contains higher grades of silver and copper compared to molybdenum and the lower half is rich in molybdenum, with lower grades of silver and copper. The CuMo deposit is located at the south-western end of the Idaho-Montana Porphyry Belt within the Atlanta Lobe of the Idaho Batholith. Its Bleiberg Zinc-Germanium-Lead-Fluorite-Cadmium Mine Complex consists of 116 exploration licenses totaling 6,582.4 hectares, located approximately 130 kilometers south of the city of Salzburg, Austria.

TSXV:MLY - Post by User

Multi-Metal Development Ltd

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Comment by jpsartreanon Feb 14, 2008 3:53pm

226 Views

Post# 14375272

RE: General Moly on TSX

Assuming no changes in holdings since the last report, General Moly has actually become MLY's second largest investment holding at just over 18% (including the warrants). Quadra is currently third at ~16% (including warrants), followed by Inca Pacific at ~12.5%, Mercator at ~10.5%, and Roca at ~6.5%. Thompson Creek remains the largest holding at ~22.5%. FYI - my current projection is that NAV is once again above $6.00 per share...

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