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Macarthur Minerals Ltd V.MMS

Alternate Symbol(s):  MMSDF

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

Bullboard Posts
Comment by Mimibegaloon Feb 01, 2017 9:56pm
99 Views
Post# 25786988

RE:picked up a few here

RE:picked up a few hereThe special thing about this one is also the Iron Ore assets the MMS holds that can bring a substantial Cash amount to help develop the lithium properties with no dilution on the short term. MMS has spent about 60M$ for the Iron ore shovel ready jects and had a Market cap of 100M$+ when iron ore was over 100$/t. But switched to lithium when iron ore prices collapsed to 34$. Now Iron ore is back over 80$ and it can easly bring add to the Market cap value once Listed on the ASX or sold which both is annouced intentions by the Management. Good Luck
Bullboard Posts