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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 23, 2023 5:53pm
500 Views
Post# 35302138

Metals

MetalsOne would hope that when the metal prices increase so would the value of mining stocks?  The is one glaring problem, Cumo is not in a position to capitalize on the price. Cumo is not a producing mine and it willl never be a producing mine while owned by Cumo.  It might be sold to a real mining company that can produce something. When mining companies look at purchasing a multi-billion dollar resource,  they look at the data, then they look at how the data was produced, then they look at the quailfied person. Is the data correct, well it has been revised several times down, are the decisions that were made by the management sound? You can put up new quailified directors, but the underlying science may still be junk. 
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