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Only 4 days trading left after today, and that includes two half-days. MAFL seem rather adamant re estimation timings, this may even be contractual with those performing it, so hopefully some good news soon to end the year.

Wiz is fully aware of their duplicity. I have shown, as others, that my calcs were based on the figures we were kindly provided in an earlier RNS this year - yet Wiz ignores this. I don't think they have a dodgy trading agenda here - I do however think their life is devoid of any enjoyment and coming on here, seeking attention, is one of the many ways they pass their time. Go to the pub Wiz and speak to real people...

Completely agree Hardy. Sorry for miss-reading your posts. I normally get the wrong end of the stick!

Hardy - Mafl is not going to be sold for $1bln+ That section of the RNS is telling you what this could be worth to a potential mining company, and doesn't include any of the operational costs (or the fact that you'd need innumerable drills to prove up that extent, as it's still an estimate!). The RNS a few of us have discussed recently is the actual/true/current value TO mafl. Based on that, I'm hoping we get sold, and Mafl's share is c.�20m. That would be a great return for all of us!!

Shakey, I think we can all be fairly certain that there will be an increase in tonnage to between 8-10mt. I used 8% Ze of 10mt in my calcs posted last week. I appreciate you may wish to use 8mt; but even that increases your calcs substantially.

It's also worth highlighting, as another important point: 5. The calcs don't take any note of the cash we have in the bank or our other investments; which, when taken together, are quite substantial at the current market cap.

Quadrum; You say nobody here has yet suggested a price range for "minerals in the ground"; I have, a few weeks ago. I will repost my calcs below, these figures are based off the 29th June RNS, which follows: �However, in 2016, transactions of individual zinc rich mining projects occurred at a mean valuation[2] of US$75.74 per tonne of zinc equivalent metal, while the median value is US$10.83 p/t of zinc equivalent2 metal. To look at it another way, a group of 31 junior mining companies with zinc-rich resources, comparable to Lagoa Salgada, currently trade at a mean valuation of US$50.21 p/t of zinc equivalent1 metal, while the median value is US$14.78 p/t of zinc equivalent1 metal� My calcs: If Mafl achieve a resource update of 10mt. At 8% ZinceE, that would give 800,000tons of ZincE. Based on the 29th June 17 RNS (related paragraph above), if we use the $75.74 of ZincE figure quoted in the RNS then that would give a valuation of $60.6m USD (or �45.4m GBP). MAFL�s share would then by �22.3m � which is 4.2x current Market Cap (so a SP of 64p) A couple of salient points: 1. I have used prudent figures in the first set of the assumption (I am actually hoping for a higher ZincE %) 2. The $75 project (PROJECT, i.e in the ground!) average, is based on 2016 transactions. We have seen Zinc prices rise considerably in 2017 which can only increase this figure. 3. I believe that we would be on the higher ton cost side of the examples, due to where the resource is (location, government and infrastructure). 4. There has been rumour raised that MAFL�s share could be higher than 49%... All IMO, DYOR. But this is why I am invested.

Thank you 6, hadn't thought of trying that!

Has anyone got contact details for MAFL? I've used their website, twice, with salient questions; but I have yet to receive a reply. I was wondering if anyone had faired better than I? I'm intrigued regarding the delay, can only presume that they are maybe testing for indium too as they mentioned in previous RNS that this requires a separate assaying process. Let's see.

Quiet day so far on the trade front. We'll hopefully remain around here and hold yesterday's gains. I think that we are seeing less trading on this share during our more recent RNSs, which will be good news when the imminent RNS appears. Hope everyone has a good day in their other shares.

Hopefully Hardy. I also hope we get further detail on time frames; 1. how long the resource update will be from LS-5 results? 2. how many holes are they re-assaying from an indium etc perspective? 3. when the resource update is received, what will the sales process look like? 4. and how long will this sale process be?

I've just ran a dummy on HL; only selling 1,000 shares and that came in at 14.625p

Good SP performance more recently, it would be nice to see this kept up after the next RNS (last hole assay). I'd like to think we are slower getting 'out there', but I doubt it; I think it's just us who read this board and, based on trade volume, we don't get too many visitors. But, what difference does that make? Nothing, the final value will be in the sale, not daily share manipulation. I also think O1N was a ramper. I think when he realised that MAFL was just to 'off-the radar' to get enough new people buying he left the share for pastures new. Interesting, if you look at his post count, I'd find it doubtful he could actually be a barrister and be posting that much and that often. Anyway, I digress.

I'd quite like to own 1,050,000 shares!

I hope the person who sold 308 shares this morning for �40 spends it wisely!

Looks like we've finished on a day high. I can only presume people are expecting our final hole RNS on Monday. Did anyone else manage to find out whether 'multiple faults' is positive or negative? I tried to find further detail, and fired off an email, but couldn't find much online and didn't receive a response to the email as of yet.

Agree Rasmus! I can't deal with unintelligible ramblings, might have to filter my first person ever.

Sam, please stop.... Rasmus; thank you for the Twitter detail.

What's their Twitter account called Rasmus? I've searched MAFL but can't seem to see it...

Wizard, I'm only going to reply to you once, so please don't expect a drawn out debate: 1) Please don't keep using Toral as a benchmark, it isn't. It was sold because management saw the potential at LS was indeed much greater and this offered a cash injection. 2) THC are indeed not silly, they have an active partner who is paying for all of the drilling and re-estimations. Maybe they couldn't have afforded these on their own? Maybe they needed someone with the knowledge to lead as MAFL have? Maybe they are a shell company with no day-to-day activities? Either way, they will very clearly benefit at POS very substantially. 3) "People simply need to be realistic in their expectations of what Lagoa is really worth". I am being realistic, based on the RNS, with the relevant paragraph quoted below. Do you dispute that when they refer to "transactions....of mining projects" that this is indeed ground resource sales - I'm afraid it's rather clear to me. If you dispute this, please contact MAFL directly for RNS clarification (rather than argue on LSE), I'm sure they will be happy to oblige. RNS Quote: "However, in 2016, transactions of individual zinc rich mining projects occurred at a mean valuation[2] of US$75.74 per tonne of zinc equivalent metal, while the median value is US$10.83 p/t of zinc equivalent2 metal. To look at it another way, a group of 31 junior mining companies with zinc-rich resources, comparable to Lagoa Salgada, currently trade at a mean valuation of US$50.21 p/t of zinc equivalent1 metal, while the median value is US$14.78 p/t of zinc equivalent1 metal"