sit tight everyone! Metalicity Limited (ASX: MCT) (“MCT” or “Company”) is pleased to announce that the Phase Two drilling programme is progressing well and is on schedule with all samples derived from the drilling to date have been submitted for analysis from the Kookynie Gold Project4 (“Kookynie”). We expect to be releasing assay results as and when they are ready over the coming weeks, with the first due during the week beginning the 17 August 2020. Furthermore, with the pending finalisation and interpretation of the drone magnetic survey, targets generated will be assessed via drilling during this programme.
Don't compare with NICE, Pohkong or tomei la! Muip is for long term. We need to monitor their drilling result more than the gold price. noobi3 looks like muiprop reluctant to go up with the gold price. 14/08/2020 9:52 AM
i dont expect muiprop to limit up etc.. but at least consistent with gold price ma.. if gold up, mui up abit %.. if gold down, mui gold down %.. but now gold up.. everyone up, mui drop lol
Jack, many don’t understand investment n whether U play it as short term goreng or medium term investment... the day Mui property 40% ownership Next produce the first batch of gold ... this counter will go up to above 55-65 cents.... many can’t get news from Australian listed firm ... no momentum to go up is normal ..
MCT and NME are partner now with 51:49 whatever gold found underground. However MCT need to spend AUD5m for the drilling program to verify how much gold underground and NME no need to fork out any money for this. Currently under the second phase of drilling program MCT will announce the result batch by batch each week so that you can evaluate the gold underground. MUIP will own around 35% NME(recently increase of share issued by NME) after the convertible note converted to NME share which is on coming General shareholder meeting in October.
The advantages of this is you can bet small and earn big if the result of the drilling are favorable (since MUIP still have plenty of cash and asset). You can slowly increase the bet as the result is out. Eventually the favorable drilling result + higher gold price will give multiplier effect on MUIP share price.
Buffet is notoriously anti gold. This time may be different story .US dollar keep coming low, it time to look for some value gold to hold and balance up
Why buy Muiprop? Got 40% Nexmetals shares so what? NME is a super penny stock in Aus lah... Still no gold yet. While Bahvest already produce hundred KG of gold.. better buy Bahvest lah.
MUIPROP investment in Australia gold mining company.
GTI’s Niagara project now covers over 8km of prospective strike over the underexplored Niagara Trend that is adjacent to historical high-grade gold mines such as the Cosmopolitan mine that produce about 360,000 ounces of gold at 15 grams per tonne (g/t) from 1895 to 1922.
Where it gets really interesting is its proximity – just 2km – from the Kookynie gold project where Metalicity (ASX:MCT) and Nex Metals (ASX:NME) have returned some exceptional drilling results.
Metalicity (MCT) has completed the majority of its 5000-metre drill program at the Kookynie Gold Project in Western Australia.
So far, the company has completed almost 2900 metres of exploration across 40 holes at the site, focusing on the Leipold Prospect.
The phase two program is following up on compelling previous results from the prospect, which included 16.3 grams per tonne of gold across four metres. That notable assay included a higher-grade internal result at 20.7 grams per tonne of gold across three metres.
While the program’s expected length is 5000 metres, the company has not ruled out expanding it further as results and magnetic data begin to roll in. Through the program, the company hopes to convert the site’s previously identified exploration target into a JORC-compliant mineral resource estimate.
Cores from the drilling to date have been sent for analysis, and initial results are expected around August 17.
Bahvest is making losses for 4-5 quarters n if Bahvest got some fundamental, ppl don’t need to venture into Muiproperty to bet it will strike gold ... 60 kg per month ? Even 10 kg a month also i feel doubt about it , this is Muiproperty column, dont come here to promote below average Bahvest mining stock ....
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
newton320
75 posts
Posted by newton320 > 2020-08-13 19:11 | Report Abuse
US print money , gold up