Unfortunately for shareholders the 'nonevent' has been through a failure of the company over the past 2 years to peruse the opportunities. As an example Silica Sands at Cape Flattery. Mitsubishi would love to have a neighboring mine ship an extra 2 millions tonnes of silica sands thought the port. This would mean for them that they would only have to cover 60% of the costs of the port whereas at the moment they are covering 100%.
This is one of a number of opportunities that have been staring the company in the face that they simply haven't grasped and there are a number of others, and there all NO RISK.
Just ask yourself, if the Monto mine is so good, why is Melior sharing the great profits that are going to come from it? Simple... they are eyeing of the assets of MLM and the CASH.
Do some research, and look at the previous reverse takeover attempt by the largest shareholder of Melior.
MLM Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held