Member Info for MarcEtMaker

Looks at that volume pick up

With a market cap so low and the demand in the market for this product I would expect a solid rise to at least £2

Oh hi Jones. Is it time to sell now lol

Plan b implementation soon too

Don’t be fooled. L2 ask getting thinner each time I look

80p

Just buy it. It’s only 22 a month on here

Results expected before Christmas

70p by end of year. More if the acquisition lands

resource of three million ounces at 9.9 grams per tonne gold.

Mila’s project has returned up to 14 grams per tonne gold among its deeper intercepts, demonstrating its potential to host high-grade gold mineralisation.

“We have 11,000 metres of drilling to complete,” says Hutchison.

“And we’ve also budgeted for 2,400 metres on another prospect on the same tenement, where hopefully we can find another deposit.”

But it’s the existing discovery that will remain the focus for the time being, as Mila sets itself up as a “post-discovery project accelerator.”

At the moment, the plan isn’t to go into production.

Why? Because if Bellevue isn’t ultimately interested in Mila’s Kathleen Valley property, there are at least five other companies in the area who might be.

Watch this one go.

https://www.proactiveinvestors.co.uk/companies/news/967075/mila-resources-is-back-re-listed-in-london-and-raring-to-go-on-its-australian-gold-exploration-ground-967075.html

We’re in a world class gold mining area, and Kathleen Valley is a very rich area in the district,” says Neil Hutchison of Mila Resources PLC (LSE:MILA).

“We’ve managed to harness a relatively small tenement in the middle of all that.”

At the moment, this tenement boasts a small resource of around 21,000 ounces of gold.

But now that Mila has re-listed on the London Stock Exchange, newly capitalised after a £3.5mln raise, the plan is to get to work and upgrade the numbers in double-quick time.

The planned boost to the resource will have a double significance.

First, on its own terms, the initial exploration target that Mila is putting on its Kathleen Valley ground of between 145,000 and 250,000 ounces of gold looks attractive enough.

What may turn out to be of even greater importance, though, is it’s along strike from Bellevue flagship development project and right next to Bellevue’s Government Well project.

The discovery of high-grade gold at these projects made Bellevue into a billion dollar company, and the thinking is that Mila’s ground could have formed part of it if it hadn’t been for some limitations around nearby local aboriginal heritage sites.

But that’s where Hutchison’s appointment to the board of Mila suddenly starts to make a whole lot of sense.

. The original vendors recognised exactly what land could and should be pegged, and what should be left alone – and a close look at the Mila claims map will show a zig-zag shape on the eastern border, which allows plenty of room for the aboriginal sites to be left in peace.

Not only is Hutchison plugged into the district from way back, having worked next door at Cosmos, but he’s also extremely well connected in the local community. This has major benefits when working with the traditional owners and close to heritage areas outside of the tenement area.

At some point, Bellevue will start thinking about the size of the open pit it’s going to want to construct at Government Well, and that’s when it may become clear that Mila’s ground will be a necessary part of the surface expression.

Time will tell.

For now, Mila is going to focus on the value of its Kathleen Valley gold for itself.

The results of drilling conducted in 2019 and2020 by the vendors of the Kathleen Valley property have allowed for the modelling of the JORC exploration target.

Three phases of further drilling are now planned and budgeted for, designed to expand the mineralisation northward, deeper and along strike.

“We’re not taking the risk of stepping out too far, though,” says Hutchison.

“The main thing for us is to increase the grade as we go deeper. We can see the shear zones and the sulphides. It’s quite predictable.”

And in that regard, he also cites the Bellevue project next door, which has a glob

Then this assets is valued at £15m with a JORC of 21,000 oz. Therefore on simple calculations of the CEO targeted 500k oz that would give an asset value of £380m roughly 47 x current market cap. I appreciate lots of other factors would come into play but that seems like a decent proposition.

Furthermore the initial 21k oz were from drilling of only 2100m of 12 rc holes. Currently 11 asseys due in the coming weeks and another 13,500m planned. ‘Tip of the iceberg’ is no doubt with this asset.

Have a good read through the opportunity here since Re-listing. Was waiting to see it bottom out first after a few stale positions sold up. Looking pretty sting now and looking to make a move upwards.

The opportunity looks great. Only 8m mcap with lots of regular news flow from the recently announced drill programme. If they get to 500k ounces 8m mcap will be a long distant memory.

The surrounding areas are producing some pretty astonishing grades and this asset appears to be a continuation of that. Any GEOs on here that can give a summary how the continuation works and comments with this asset?

Cheers

I see this going the other way and making stready progress up. The news has been delivered now and the company is now making approx 200k a day profit (£1.4m a week) . Will keep rising to a fairer market cap.

Nice :)

What an opportunity this is. Many new investors looking in will be thinking this has already gone up considerably since IPO but that was just the start. I genuinely believe this will over 1bn Market cap in fairly short term.

CEO is delivering on promises and making the investment case look better and better each time I hear him.

Cannot find any negatives and so much more news flow to come. First of which is an acquisition for addition capacity to utilise infrastructure.

Next few months will be very interesting indeed. I had an end of year target of 63-80p but if an acquisition comes to fruition I think it could see £1.

Quant - you say that as if it’s a huge benefit. Could you highlight the why this is?

Thanks

Delayed trades. Happens all the time. If you feel the need you could look back at the times and spreads to work out if buy or sell.

Good luck guys!! I’m sure you’ll be back :) Nothing is stopping Big Ben

But this is still just the start. Production starts this week and will be bringing in profit straight away. They get paid once out the ground for cost and then profit on final delivery.

This was ipo’d about £120m to cheap. Since have secured an off take agreement and got contractors on-site to start. Wash plant re-Instated and rail line works on track (excuse the pun) to completed Jan ready for first delivery.

An acquisition I’m sure will happen this month to utilise capacity and in turn generate more profit.

CEO keen to reward shareholders with dividends near term.

£1b market cap will be here very soon, I have no doubt.

P.s no debt, all the infrastructure required and sticky shareholders.

Who wants a bag or 10?