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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

Post by babymineson Feb 11, 2021 9:35pm
307 Views
Post# 32548772

Congrads to the stock price

Congrads to the stock priceMovement in the stock price is great. Go longs only 41 cents till the price gets to 50 cents.Remeber the Calida pump and dump? The recent news release states a select debenture holders decided to exchange debenture for the stock. Sell your 8% debenture interest for an stock. this only serves the company not debenture holders. Sell a know value so Cumo can reduce the liabilities. So why is Cumo exchanging a know liability. Because it only benefits Cumo, not debenture holders. the lastest round of financing was stated to further the lead mine and Cumo. No the financing will be used to pay management and consulting fees. The financials will prove this out when shareholders see the expenditures.
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