Replies to post #35 on Multi-Metal Development Corp. (MLYCF)

[DrBill1]

EOM7,
Response came from MSQ President
Regards,
DrBill



See my highlighted responses below.





In a message dated 19/07/2011 6:06:24 P.M. Pacific Daylight Time, [e-mail] writes:


Sirs:

My family and I currently own 30K shares of Mosquito Consolidated Gold (MSQ) common. My wife & children have asked me to further research MSQ prior to increasing our holding of MSQ shares in the family portfolio.



I have been relying on the MSQ corporate web site, SEDAR filings and a few available brokerage & investment letter reports. We are hoping to develop a better understanding of MSQ and esp. the potential for a successful future funding of the CUMO project. In that respect we have a few questions:



1) A couple of years ago it appears a Chinese company took a large position, about 15%, of MSQ common shares. Does this Chinese company still maintain that position? Yes.


Can you provide the names & holdings of the five largest shareholders? Not important that you know the names. If you give me a reason other than curiosity, I will divulge their names. These people are not the funding source for future developments.



2) Barkerville Gold Mines (BGM), successor to International Wayside Gold, appears to own half of the Cariboo & Bonanza Ledge properties, MSQ the other halves (see below). Is it true that MSQ now owns half of each of these properties? Yes.

Did BGM ever complete the bankable feasibility study necessary for it to own its half of the Cariboo project? NO



As BGM is bringing these mines into production in the near future, is it reasonable for an investor to assume that MSQ will realize a significant cash flow stream (a modest net smelter royalty & half ownership interest) from those mines----cash flow that could be used for MSQ corporate purposes incl. funding CUMO? Do you have an estimate of what amount of cash flow from these mines might accrue to MSQ in 2011 and 2012? I don't count eggs before they are hatched. I have very little faith in projections made by others so we will see what happens but we have no downside. I consider our portfolio of projects "nuts on the sundae" with the value of Cumo dwarfing the other assets of Mosquito - how we exploit these assets is in the works.




3) Is there a fairly accurate current research report on MSQ now available that you could recommend to us? No, our website contains technical reports such as the latest resource report by Snowden and the PEA by Ausenco. These firms are among the world's best engineering groups so I would, at this stage of development, let these reports be your point of reference. Most institutional investors liquidated their positions when molybdenum prices fell to $8.50 which is about 35% of global production costs.

Without institutional investment, there will be no interest by the analysts that work for them. Institutional involvement is the next phase which we are now entering. Molybdenum is not a hot market sector; I think it will be but right now gold, rare earths, silver and perhaps copper



I encourage you to try an understand our Company and what we are trying to accomplish and in many respects it is a "too good to be true" story so if you need any clarification of any aspect of our Company, please call or email me and you can expect straight and honest responses.



Regards


Brian A. McClay
President
Mosquito Consolidated Gold Mines Limited
100-1616 West 3rd Avenue
Vancouver B.C.
V6J 1K2
1-800-667-0873 (toll free)
604-689-7902 (office)
604-689-7816 (fax)
604-730-6982 (cell)
775-315-7458 (cell-USA)
www.mosquitogold.com