Metminco Share Discussion Threads

[jungmana] 16/10/2017 06:13

Yes FS was expected 2 weeks back but these things mostly don't happen on time. Could land any day now

[bones] 16/10/2017 05:59

ASX price rise reason

[bones] 16/10/2017 05:56

They released a reply to ASX asking if they knew of any reason for recent share price moves with the usual response but did mention the FS is due for publication (no date given)

[jungmana] 16/10/2017 05:34

Nice one. Closed up 20.7%. Just the start of the rerate here imo.

[the count of monte_cristo] 16/10/2017 00:02

Up 24% on the ASX

[saturn5] 15/10/2017 20:19

I am tempted

Lets see what the am brings

[barneygumble27] 15/10/2017 16:18

4.45 to buy but not for long

[barneygumble27] 15/10/2017 16:17

The spread is more like 4.1 to sell and 4.45

[saturn5] 15/10/2017 15:44

should I be worried about the HUGE SPREAD ?????????????/

to buy or not ??????

[tomboyb] 15/10/2017 15:36

I would add that sentiment has been v negative with MNC -

So much so that it has presented an opportunity for new investors to get on board at a v low market cap -

We shall see - Good luck

[tomboyb] 15/10/2017 15:31

Some good points count -

This could be a big turning point for the company -

The Quinchia Portfolio could potentially yield up to 10mill oz of gold -

[the count of monte_cristo] 15/10/2017 15:01

Indeed, taking into account the following the market cap should be significantly higher;

- The amount spent drilling the project, historical spend of over US$29m
- 2.8m oz of gold
- The amount spent to complete the FS (due any day)
- The advanced nature of the project, at the FS stage now
- The after tax IRR of 26% based on the PFS
- The amount of gold to be produced, 50,000 oz p/a
- The other gold projects, see this drill result from the Tesorito project, 384m @ 1.01g/t Au, 0.90g/t Ag and 0.080% Cu, Includes 0.7m at 3.43g/t Au and 2.6% Cu towards the tail of the hole
- The cash resources
- The other projects, Mollacas being the primary one should the aging landowner and his sons come back to the table

[jungmana] 15/10/2017 14:40

Actually the £5m today market cap is extremely low considering as of June 30th we had A$6.3m in cash. That's about £3.8m.A big rerate is due here.

[the count of monte_cristo] 15/10/2017 14:30

Yeah, hopefully get past a 10m market cap.

[barneygumble27] 15/10/2017 12:24

Heres for a great week

[tomboyb] 13/10/2017 18:32

You could actually sell well above 4p with a 3.75p bid -

There is a lot of catching up to do here -

[novicetrade68] 13/10/2017 18:04

Really, given the amount of buying at near full ask today (4.50p) the bid remained disappointingly at 3.75p, MMs have some catching up to do next week I think.

[jungmana] 13/10/2017 17:26

Been a good day here. Another 700k odd volume traded too on the NEX exchange.Bring on next week :-)

[tomboyb] 13/10/2017 15:10

Well one hopes so -

Longer term ( Once FS is out!!)

"Longer term open pit growth strategy targeting >10Moz gold"

That should get a lot of interest -

There are a few hurdles to get over first though -

[jungmana] 13/10/2017 15:08

Imo high probability FS lands on monday/Tuesday next week.Could be Oz first

[tomboyb] 13/10/2017 15:05

The deal valued continental at just over $540 million -

Come on MNC get that FS out!

[tomboyb] 13/10/2017 15:01

Might be worth having a quick read of Newmont's columbian adventure with continental gold -

www.mining.com/continental-surges-33-securing-134m-colombia-gold-mine/


According to a February 2016 feasibility study Continental estimates total cash costs of $411 per ounce of gold produced (including silver credits). Buritica’s proven and probable reserves total 3.7 million ounces of gold and 10.7 million ounces of silver. Tonnage is a meagre 13.7 million tonnes thanks to grading of 8.4 grams gold per tonne and 24.3 grams silver.

There is interest in the area -

MNC cost per ounce $650 and they may well be able to increase probable reserves -

[geofferic1] 13/10/2017 13:30

Cheers Jungmana, I see TCMC has been looking after business whilst I've been away. He is a one man PR machine for MNC along with chesy actually. Those guys have stuck with MNC through thin & thin

[tomboyb] 13/10/2017 13:01

Well worth looking at the local neighbors in columbia -

Our valuation is minuscule in comparison when considering what we have -

The FS will reveal a lot more and its just around the corner -

[novicetrade68] 13/10/2017 12:44

Yes, good point, the insti's all paid 7p here, so they would imo be unlikely sellers up to that level.