Metaline Contact Mines (MTLI)

[Lebaneseproud]

If MTLI ever chose to sell those mineral rights and properties outright , they can get huge bucks. In addition they are supposedly getting cash yearly from the Golden Chest sale.
Although if you follow the NJMC , and MOZ(Canada) press releases, you would see there has been some recent news on Golden Chest there.

Bottomline, this company has a clean balance sheet, supposedly cash coming in and real assets in these properties and rights.

The big concern I have right now is there has been no update to financials at the company website since 2013. Hope that it not because the buyers of Golden Chest are not making the payments. The terms of the payments were already changed once but we have gotten no updates or news since then. According to the terms , they should have a lot more cash on hand now then they did when the last dividend was paid to shareholders. Hopefully they got this cash and hopefully management has not been taking it all for themselves.