Metminco Share Discussion Threads

[the count of monte_cristo] 11/10/2017 15:50

Yes, a good update from GGP.

MNC should be valued much higher considering the oz in the ground and the advanced nature of the project.

What advanced gold project with mineral a resource of 2.8 million ounces of gold which has had 10's of millions invested into developing the project along the exploration to mining curve is valued at £3.6m GBP?!

For the cost of a brand new Merc or BMW you could pick up 1% of a this stock:))

"Minera Seafield incurred historical costs of approximately CAD$40 million (US$29 million at current exchange rates) to progress the Quinchia Portfolio".

Remember the FS will be looking at...

Revenue generated from schedule and predicted process recovery for each modified flowsheet;
Capital cost reduction (compared to previous process studied);
Operating cost reduction (compared to previous process studied); and,
Project risk, constructability and operability.

[tomboyb] 11/10/2017 10:35

An interesting RNS from GGP -

On that basis i've bought a few GGP today -

Whilst we wait for MNC feasibility studies -

I don't think there are many companies valued as lowly as MNC so close to FS -

[ryan83] 10/10/2017 08:31

Yep a good sign imo

[jungmana] 10/10/2017 07:58

Well that's something I have not seen here for ages. May be this gold project could just be the one to transform mnc and give back the long suffering shareholders their money.

[tomboyb] 10/10/2017 07:44

Morning -

Yep new director buys of A$19,200 -

The stock is still at all time lows as we await FS -

[the count of monte_cristo] 10/10/2017 07:10

Director buying shares on the 29th September, a positive sign.

[the count of monte_cristo] 05/10/2017 13:12

Nothing, but I am just waiting now. I guess if they know it's good then it's worth waiting an additional few days for to make sure that they have everything correct and clear. This FS will after all be the basis for a lot of things.

[chesycustard] 05/10/2017 07:34

Really expected to on the road to share price recovery by this stage of the week. Anything more count? All Gordon did was wait till the small holing RNS came out before coming back to me and sent me that!They must have a hold up.

[ryan83] 04/10/2017 10:57

I bought yesterday let's hope that the BOd deliver a bit of cheer - for a change!

[chesycustard] 04/10/2017 09:32

Sounds like a broker has them

[the count of monte_cristo] 04/10/2017 09:29

I wonder who has picked up these shares? Or are MPS holding them, might make them a nice profit if the FS is good:)

"All of the small holding shares purchased under the small holding sale facility (Sale Facility) have been placed to clients of Martin Place Securities".

[the count of monte_cristo] 04/10/2017 08:32

ryan83, that's an understatement:)

[ryan83] 04/10/2017 08:12

Flying under the radar

[christy41] 04/10/2017 08:05

Looks like someone picked up 3% very cheaply

Interesting point from an old interview I remember with Ian Slater of Red Eagle.When their m/c reached $200million he said they were significantly undervalued by half.It does show you the potential that could be achieved here if things go to plan...

[tomboyb] 04/10/2017 07:56

Thanks for the links count -

A small buyback of shares today whilst we wait -

[chesycustard] 04/10/2017 07:16

Let's hope so count, the value is there as long as there are no flies in the ointment.Always a blooming delay though.

[the count of monte_cristo] 04/10/2017 04:30

My personal opinion, is that once we get the FS and then the EIA MNC will be in play, by which time I would speculate the share price will be significantly above the current share price. Let's be reasonable here and compare MNC to other companies who have an FS and EIA and a cap of in excess of 15m to 20m GBP (12-16p) should not be unreasonable!

Look at what RedEagle did with developing their mine as well as the interesting acquisition of CB Gold, which Batero were also interested in acquiring.

[tomboyb] 03/10/2017 19:30

[...]

The last RNS indicated approval for underground devlopment -

The project currently has a measured and indicated resource of 9.27mln tonnes, grading 2.82 g/t gold and 2.77 g/t silver, and an inferred mineral resource of 500,000 tonnes, grading 2.36 g/t gold and 3.64 g/t silver.

Metminco also confirmed that a feasibility study on Miraflores is due to be completed by the third quarter of this year, with the company hoping to produce around 50,000oz a year from the project, over an initial mine life of nine years.

If the FS is good -

[tomboyb] 03/10/2017 19:24

Some activity here today -

Whilst we still wait. The share price is still at all time lows -

Needs some good news on the FS -

[jungmana] 03/10/2017 09:58

Well it better be good or else back to 2p.I hope you guys get rewarded for the torture you been through the last 4 years.Good luck everyone

[tomboyb] 03/10/2017 07:38

Thanks count -

"A very large body of work"

I hope its very good!

[chesycustard] 03/10/2017 05:51

That's fine, but why say your on time only 3 weeks ago. He just doesn't seem to understand market sentiment and managing expectations.My optimism is waning.

[the count of monte_cristo] 03/10/2017 03:52

Yes, from WH;

"Our target date was end of the quarter and we are finalising what is a very large body of work now so will be there soon".

[chesycustard] 02/10/2017 20:58

Anything back count? I messaged GP myself but not heard back yet.

[chesycustard] 02/10/2017 08:25

They originally said May, not good enough again on timeframe