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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 Jul 09, 2021 1:22pm
211 Views
Post# 33521815

read the financials from march 2021

read the financials from march 2021Cash used in operations was $1,353,679 for the nine months ended March 31, 2021 (2020 used $1,070,518) and represents expenditures primarily on mineral property exploration and general and administrative expenses. 90% used to pay Dykes managment and consulting fees

Look at the increases in consulting fees that go to Dykes and family. 2020 to 2021
Look at the defaults in land purchases 3.2 million wasted

Is this sound management of investor money. 

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