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Re: None

Monday, 08/29/2011 6:46:40 PM

Monday, August 29, 2011 6:46:40 PM

Post# of 1989
Stockhouse blogger on MLM:

I won't buy more because I have to much already. Today I believe MLM is worth over 35 cents. I remember doing an old calculation of the the outcroppings and pile of rocks previously mined that they could have about $6 million gross sitting there.
{maybe 12m. now since PM's have doubled in price...and that's just in the slag pile!}
They need a mill because most in Montana are going to be running at full capacity soon (American Barrick et al) which will make it difficult to ship close by for extraction. The mill they have needs $$'s in refurbishment so any new suitor will need deep pockets. Gold at $1,800 makes this a worthwhile project.
[the Montana Tamarack gold project apparently
will begin to be fast-tracked in Sept.]
{p/s, I see there is still some stock available at 3.5c. today}

GLTA

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