MLM - Metallica Minerals LTD

[Huang Chung]

My guess is that they will either sell their MTE holding into a takeover of that company, or eventually sell their stake to a new "cornerstone" investor, or even on market. I reckon they'll use the proceeds to develop their scandium/nickel/cobalt project.

[lawrence]

Investment update is out

http://www.asx.com.au/asx/statistics...ame=D&period=T

[Huang Chung]

Investment update is out

http://www.asx.com.au/asx/statistics...ame=D&period=T

Shasta...looks like they've followed your lead .

Well done.

[shasta]

Shasta...looks like they've followed your lead .

Well done.

I might have to start tagging my posts as "price sensitive" & make ya all wait 20 mins, as per ASX rules

[Huang Chung]

EXCELLENT presentation at the Noosa Mining Conference .

http://www.stocknessmonster.com/news...E=ASX&N=233350

[shasta]

MLM - NTA Update as 15/7/11

MLM @ $0.47 = MCap $55.0m

Cash @ $4.1m

Listed Investments:

MTE @ 80c = $64.0m (Coal)
CBX @ 22c = $5.9m (Bauxite)
PMQ @ 9.5c = $4.3m (Copper/Gold)
ORM @ 20c = $2.4m (REE's, & Gold)

Total LI = $76.6m

NTA = 69c

Discount to NTA = ~32%

No allowance made for the 100% owned MLM projects, including the very interesting & decent sized, Nickel, Cobalt & Scandium "Nornico" project

[duncanjones]

MLM - Metallica Minerals Limited
"A Queensland multi-commodity resource development company, with direct major interests in nickel-cobalt, scandium, zircon-rutile and limestone, plus strategic investments in coal, bauxite, tungsten, copper, gold and rare earth elements."

Its not often you can buy shares for cheaper than what it is worth (current assets) but you are lucky and have that chance right now. MLM is currently has a current asset value (cash and listed companies only) with a 51.25% premium to its current share price. One of the companies holdings alone in MTE is worth more than its entire market cap. MLM also have their own projects on the way so you get these for absolutely no valuation in the current share price.

Shares On Issue: 128,777,710
Options Outstanding: 6,000,000
Market Cap At 48c: $64,693,300
Top 20 Own: 55.19%

Listed Shares:
80,000,000 MTE @ 93.5c = $74,800,000
26,867,621 CBX @ 25c = $6,716,905
22,069,619 PMQ @ 9.3c = $2,052,475
11,866,658 ORM @ 19c = $2,254,665
Total Listed Shares = $85,824,045

Cash In Bank (19/07/2011): $7,700,000

Current Assets = $93,524,045
Number Of Shares = 128,777,710
Assets Per Share = 72.6c (51.25% higher than current price)

Other Projects/Assets:
* Nornico "Tri-Metal" Project - Nickel, Cobalt & Scandium
* Lucky Break (50% JV) - Nickel
* Weipa Zircon-Rutile HMS Project - Zircon & Rutile
* Limestone Projects - 7 high quality projects.

Links:
* Investor Presentation (Noosa Mining Conference)
* Quarterly Detailing Projects
* 20th July Investments Update
* Top 20 Report (last page)

[lawrence]

Wasn't always like this,I got on at the IPO and I rate it as my worst stock I held funny thing I left then in the bottom draw for so long I almost forgotten about them even rang Andrew Gillies he said he couldn't get brokers to spread the word seeing 1M + volume is fantastic to the past 2000 odd

[Huang Chung]

The rise on MTE yesterday and today (post announcement on participation in a new port project) prompted me to swap out of MTE and buy more MLM (was roughly half and half before).

Considering MTE has now pulled back, it seems as if it was a reasonable move.

[shasta]

The rise on MTE yesterday and today (post announcement on participation in a new port project) prompted me to swap out of MTE and buy more MLM (was roughly half and half before).

Considering MTE has now pulled back, it seems as if it was a reasonable move.

Oops i over looked the NTA update during the weekend, will update tomorrow after market close