Mineral & Financial Investments Ltd - Investment company focused on junior mining companies - Reports net asset value per share of 17.1 pence at March 31, end of third quarter, up 13% on a year ago. Company adds: "We have increased our weighting to precious metal investments and this represents significant overweighting to the sector. In the 12-month period ending 31 March 2021, the price of gold bullion appreciated by only 6%, while silver by a disproportionate 73.2%. We believe that the economic setting will result in gold performing significantly better over the next 12 to 24 months."
Current stock price: 13.00 pence, up 11% on Tuesday
Year-to-date change: up 32%
By Eric Cunha; ericcunha@alliancenews.com
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Mineral & Fin (MAFL)