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MTH - MITHRIL RESOURCES LIMITED


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:devilsmiley: Looking good :)

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MTH ---something wiith a future---or not????

 

Going to track this, because on the face of it nothing much is happening while the price is rising.

 

Only thing of any consequence I can see is that on the 8th Consolidated Minerals increased its now

virtual controlling interest to 17.32%

 

So the question is; Is this an explorer really going places--OR

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First thing was to read the presentation and find what this thing does.

 

As far as I can tell it has discovered Nickel Copper and Platinum group elements contained in base metal sulphides--so at this stage NO MENTION OF GOLD.

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Now move lower down the page--MTH seems to have a peculiar Capital Structure

 

I will now try and find what I term a TRUE gold explorer and I wll trace that similiarly.

 

 

 

Mithril Resources has discovered significant Ni-Cu-PGE mineralisation at a number of locations on the Harts Range Project

qIdentification of numerous gabbroic bodies with disseminated sulphides (including pentlandite) suggests a large, fertile magmatic event

qNo drilling or systematic exploration has been completed to date

qMuch of the project area is covered by thin (<100m) alluvium and/or colluvium but amenable to airborne geophysics for

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Capital Structure

qShares on Issue 47.39M

qUnlisted Options3.3M

 

 

Investments

q9% of Meridian Minerals Limited (ASX:MII)

 

 

Substantial and Large Shareholders

qMinotaur Resources Investments Pty Ltd18.8% (8.9M)

qConsolidated Nickel Pty Limited 17.2% (8.2M)

qDirectors10.1%(4.8M)

qTop Twenty58.9%(27.9M

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Who knows what it does, it just drills things with a drill and the share price runs lol

 

MEP also does some gold go check that one out was 20c not long ago ;);)

 

PS did you see ORO today one of my favorite gold explorers ;)

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Apparently prw have a massive find

 

greenfields nickel etc in NT, now prw been suspended so you cant buy them,

 

MTH have nickle etc occurence

 

NT government funding drilling for both

 

 

 

If PRW have a massive find, MTH could move sharply as cap at 10 million

 

 

dyor i could be wrong

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Up another 13% lol :lol:
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I just spoke to the titles office in NT and I can confirm that the EL25307 lease (PRW) is heavily bordered by MTH . One available lease/title neighbouring PRW was rushed for and an application was lodged just today . If this PRW news is good MTH will run also I suggest .

I bought this morning on the existing MTH exploration and strong advice from a friend that they were sitting on something big . If PRW has found something then the local area could get alot more interest . The market caps of MTH and PRW are ridiculously low .

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