G D Potts
- 17 Jan 2007 12:38
Bear in mind when you read the next AFX that MMS has a market cap of only 3 million.
LONDON (AFX) - Maghreb Minerals PLC said it has successfully negotiated buying the rights to the Bou Jabeur deposit in Tunisia and estimates the in-situ value of the deposit, which consists of lead, zinc, barite and fluorite, to be more than 1 bln usd, based on current prices.
Under the agreement with the Tunisian Office Nationale des Mines, the company has the right to earn a 90 pct interest in the Bou Jabeur exploration permit.
The exploration permit covers the ground referred to in the Maghreb AIM admission document of Dec 2004 as the Bou Jabeur mine concession, which covers a significant area of mineralisation including the Gite de l'Est barite-fluorite zinc-lead mine, and Maghreb's initial focus will be to evaluate the redevelopment of the mine.
newsdesk@afxnews.com
lam
diydave
- 21 Feb 2007 22:20
- 10 of 10
They seem at last to be getting their own act together quite effectively SW. Why would a JV partner be attractive just at the moment?... especially with CGM support in the background as you pointed out across the road.
I kicked myself for missing partial profits opportunity last month but the current buoyant recovery is encouraging. My broker is recommending taking some anyway if it gets back to 16p but this steep recovery will probably tempt me to hang on in. All depends if something has leaked or not.