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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
Comment by Veteran1on Feb 11, 2009 12:23am
488 Views
Post# 15769110

RE: Weiss - 37.5 %

RE: Weiss - 37.5 %
Smart long-term move - Based on the $1.71 NAV https://www.sprottmoly.com/home.html
and their most likely $1.56 purchase price they just made 10%. . Most likely when they wind up the fund, they will elect to take their cut in forms of shares in kind. In effect teh remaining illiquid shares will be kept by Weiss while otehr investors will get the cash.

Sometime in the future they will be in the money big.





Bullboard Posts