MLM - Metallica Minerals LTD

[shasta]

Been on since IPO Now 04 this little Nickel baby is now flying hit .58c high today from a .365c a few days ago a 60% increase ASX speeding ticket issued today

cheers laurie

MLM - Gold Coast Presentation

http://www.stocknessmonster.com/news...E=ASX&N=221325

Market Cap $25.8m (117.3m x $0.23)

Cash @ 31/3/10 = $8.8m

Enterprise Value = $15m

Own 100%* of 6 greenfield projects, including:

Nornico - Nickel/Cobalt project
Greenvale - Nickel/Cobalt project
Lucky Break - Nickel
Kokomo (80%) - Scandium project
Ootann - Limestone project
Weipa - Zircon/Rutile project

Listed Investments:

MTE - 56% = $17.8m (Coal)
CBX - 30% = $14.4m (Bauxite)
PMQ - 76% = $4.1m (Tungsten, Moly, Copper/Gold)
ORM - 34% = $1.0m (Gold, Rare Earths)

Total Listed Investments = $37.3m

Investments $37.3m + Cash $8.8m = Total Assets $46.1m ( or $0.39 per share) v Market Cap $25.8m = ~44% discount to NTA

Current share price $0.24

Disc: Nil, but on close watch