Multi-Metal Development Ltd V.MLY

Low Ball

[babymines]

The new team has been put in place to define the value of  Cumo. New name change was done to seperate the old from the new. New team to market the old value. The new team will redefine the resource. They will repackage the resource and sell it for a value above the strike price. You know buy low sell high. The issue is if they can raise the needed funds to bring it to prefeasablity. No mention of  new drilling of the resource. They will try to sell it on old resource calculation. What I find interesting is that they did put money up. Perception of something new with backing of knowledge.

[raber]

define the value of cumo ?

[babymines]

The value of Cumo is based on the revaluation of the 43-101. The exchanged forced the revaluation. Remember the halt? Remember that the Cumo was forced to hire a new engineering firm to get Cumo relisted. You know that. The new board has to base the evaluation on that report. To move forward new drilling will have to be used to establish a new value. Have they announced new drilling? No so they