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Multi-Metal Development Ltd V.MLY

Alternate Symbol(s):  MLYCF

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

Bullboard Posts
Post by jpsartreanon Feb 14, 2008 4:00pm
215 Views
Post# 14375340

Why such a large position in IPR??

Why such a large position in IPR?? I've been wondering this for awhile now, but have always forgotten to inquire.... Why does MLY have such a large stake in IPR?? They own something like 50%... WAY too big an investment for something so small and - more so - illiquid. If MLY were to unwind its positions and distribute the money back to its shareholders, trying to sell IPR would alone probably cost us ~$.70 per share of NAV - maybe more...
Bullboard Posts