MLS 4.00% 2.6¢ metals australia ltd

Ann: Presentation Lac Rainy Graphite Project, page-7

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  1. 596 Posts.
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    Gammie, it is easy to say that the last 2 years have been p155ed into the wind, but I'm not 100% with you. As qantam has mention yesterday in another thread, Manindi Lithium drilling could yet pay us back given the renewed interest in the area not to mention the 72,000 tonnes of zinc at 5% cut off lurking around Manindi that HAS NOT HAD a resource upgrade although more has since been drilled and proven to be there. YES it was said that the last raise was to drill Lac Rainy a year ago and a management balls up, via lack of forward thinking inhibited that to occur. Hence the Manindi Lithium drilling, IMO. However, down to our last $1.2M we are ready to drill what could be a company changing graphite resource and it's showing some cracking grades (and growing in strike) I think things are turning around. Glass half full???
    Yep, but hey there are a lot of scenarios coming into play here, and I am keen to see how this one plays out. 
    If the first round of drilling proves fruitful I believe we will be funded by either a consolidation and raise or a sale of Manindi, either scenario i am fine with providing Lac Rainy proves the current grades to depth and along strike. Market sentiment is also changing IMO.

    It's not all lost, it's just getting interesting.

    D
 
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