Any views out there on Metminco, recommended in today's Shares . Currently priced at 9.38 p they stood at about 30p earlier in the year


Metminco (MNC), incorporated in Australia, is an ASX and AIM listed mining exploration company. It is advancing a strong portfolio of exploration projects located in Chile and Peru, mainly focused on copper, but with significant exposure to gold, molybdenum and zinc. Projects range from mine pre-feasibility, through advanced exploration to grassroots exploration

At any rate they look to be worth a punt, so have grabbed a few.

It seems that concerns over drilling costs have been the major concern in driving the price down. So, the raising of a further $40 million suggest this may be the time to buy.

Metminco Limited : Capital Raising of US$40 million dollars

Level 6, 122 Walker St
North Sydney, NSW 2060
Australia
T +61 (0)2 9460 1856
F +61 (0)2 9460 1857

28 November 2011 ASX ANNOUNCEMENT Result of institutional placing - US$40 million raised
Further to the announcement of 25 November 2011 (the "Announcement"), Metminco is pleased to announce the successful completion of the Institutional Placing. A total of 285,714,286 new Shares have been placed by Canaccord Genuity, Liberum and Canaccord BGF in relation to the Institutional Placing at a price of A$0.14 (0.088) each to raise gross proceeds of approximately US$40 million (25.1, A$40 million).
The Institutional Placing comprises two tranches. The Company will apply for admission of the Firm Shares (211,850,000 Shares) to be traded on AIM and the ASX. It is expected that First Admission will take place and that trading will commence on ASX on or around Thursday 1 December 2011 and on AIM at 8.00 a.m. on or around Thursday 1 December 2011.
Subject to shareholder approval at the General Meeting on or about 4 January 2012, the Company will also apply for admission of the Conditional Shares (73,864,286 Shares) to be traded on AIM and the ASX. It is expected that Second Admission will take place and that trading will commence on ASX on or around Friday
6 January 2012 and on AIM at 8.00 a.m. on or around Thursday 5 January 2012 and in any event no later than 31 January 2012.

Metminco positive on Mollacas results
StockMarketWire.com
Latest drilling results from Metminco's 100% owned Mollacas copper leach project in Chile confirms the continuity of the copper oxide and enriched supergene zones.

Metminco has now received all assay data for drill holes MD 61 to MD 84, which completes the drilling phase of the project in advance of completing a final resource estimate, conducting confirmatory metallurgical testwork and commissioning a feasibility study.

Up a point on the day ,over 10%. Mining stocks are due for a good run I think.

Quarterly results out today have been well received.The stock is up about 50% from lows a couple of weeks back.

Metminco reports progress on Peruvian project
StockMarketWire.com
Miner Metminco (LON:MNC) reported progress on Los Calatos - a key project in Peru - in a quarterly update.

In its activities report for the three months to December 2011 the group noted that a Phase 3 drilling program at Los Calatos was completed during Q4 2011.

Final results from the Phase 3 drilling program completed in Q4 2011 include: 1,220 m @ 0.36% Cu, 153 ppm Mo, 347 m @ 1.03% Cu, 103 ppm Mo.

At 8:51am: (LON:MNC) share price was +1.26p at 12.63p


Story provided by StockMarketWire.com

This news should boost the stock.

ASX Release

Los Calatos Resource increased by 170% to 9.4 million tonnes contained copper


To view the entire press release including images please download the following PDF document.


http://www.rns-pdf.londonstockexchange.com/rns/0902C_-2012-4-25.pdf



· SRK Consulting (Chile) S.A. complete interim resource estimate for Los Calatos

· Cu-Mo resource tonnage increases by 150% from 0.926 to 2.32 billion tonnes

· Copper grade improves from 0.37% to 0.40%

· Eight-fold increase in Indicated Mineral Resource category to 885 million tonnes

· Mineralisation remains open at depth

· Phase 4 infill drilling program (100,000m) to be completed by the end of 2012


Key results - interim resource estimate


Indicated Mineral Resource of 885 million tonnes at 0.42% Cu and 0.027% Mo (3.7 million tonnes and 0.24 million tonnes metal respectively).


Inferred Mineral Resource of 1,432 million tonnes at 0.40% Cu and 0.018% Mo (5.7 million tonnes and 0.26 million tonnes metal respectively).

Total contained Cu and Mo metal is 9.4 million tonnes and 0.50 million tonnes respectively.


Further infill drilling to upgrade resource is currently in progress.


Significant drill hole results (Phase 4a)

BHID
Mineralised Intercept
Depth Interval

CD-57
115m at 0.44% Cu & 634ppm Mo

and

1,015m at 0.51% Cu & 233ppm Mo
711 to 826m


879 to 1,894m

CD-61
309m at 0.97% Cu & 1,052ppm Mo
878 to 1,187m


Note: CD-61 not included in the resource model due to timing


Introduction

With the completion of the Company's Phase 4a drilling program at the Los Calatos Project, Metminco Limited ("Metminco" or the "Company") commissioned SRK Consulting, Chile S.A. ("SRK") to model, and calculate, an interim mineral resource estimate for its 100% owned copper - molybdenum project in southern Peru.

The new resource model incorporates the drilling results from 113 drill holes totalling 90,403 metres, of which 31,550 metres were used in estimating the mineral resource associated with the Los Calatos mineralised envelope.

Review of resource estimate

The mineral resource statement for the Los Calatos copper-molybdenum deposit has been reported at a 0.2% Cu cut-off grade, and categorised into Indicated and Inferred Mineral Resources in accordance with the JORC standards for Reporting Mineral Resources and Mineral Reserves (see Table 1 below).


Table 1: Mineral Resource Statement for the Los Calatos Copper-Molybdenum Project, Arequipa, Peru, SRK Consulting (Chile) S.A., April 19, 2012.

Resource Classification
Tonnage

(Kilotonnes)
Cu

(%)
Mo

(%)

Measured
-

Indicated
884,608
0.42
0.027

Total Measured and Indicated
884,608
0.42
0.027

Total Inferred
1,431,556
0.40
0.018


Note:

i) Mineral Resource reported at a 0.2% Cu cut-off

Further, and based on Table 1 above, the contained metal by resource category is summarised in Table 2 below.


Table 2: Summary of metal content by resource category (based on the 0.2% Cu cut-off from Table 3, Appendix 1).


Resource Classification
Tonnage

(Kilotonnes)
Cu

(Mt)
Mo

(Kt)
Contained Metal

(%)

Indicated
884,608
3.7
239
48%

Inferred
1,431,556
5.7
258
52%

Total Indicated and Inferred
2,316,164
9.4
497
100%

Note:

i) Rounding-off of figures may result in minor computational discrepancies, where this happens, it is not deemed significant

Appendix 1 provides more detailed information on the grade-tonnage profile for the Mineral Resource, sensitivities to various cut-off grades, a graphic of the Block Model and a summary of the parameters used to derive the estimate. Also contained in Appendix 1 is a comparison between key aspects of the July 2010 and April 2012 Mineral Resource statements.


Drilling results post resource update

Table 2, included under Appendix 1, summarises the drilling results for the Los Calatos Phase 4a program. All of these drill holes have been included in the latest resource estimate, apart from drill hole CD-61, which returned the following significant results:

CD-61
933 metres at 0.51% Cu and 407 ppm Mo


767 to 1,700m

including
309 metres at 0.97% Cu and 1,052 ppm Mo


878 to 1,187m


Proposed work program

The Phase 4b drilling program, which includes an additional 70,000 metres of infill drilling, has commenced. The program, which is focused primarily on upgrading the current resource categories, is to be completed by the calendar year-end. Eight drilling rigs are presently operating in the field.

A further Mineral Resource estimate, reported in accordance with the JORC Code (2004), will be undertaken at the end of the year, on completion of the Phase 4b drilling program. This resource update will be followed by the commissioning of a pre-feasibility study in early 2013.

An internal mining study has been initiated aimed at identifying the main requirements of the pre-feasibility study. This will address aspects such as the planned seawater pipeline to the coast (and associated loading facility), access to the regional power grid, quantification of the metallurgical testwork required to evaluate the use of sea water for flotation purposes (and refine recoveries), and the assessment of different mining options.


Company Background

Metminco is a dual ASX and AIM listed company with a portfolio of copper, molybdenum and gold projects in Peru and Chile.

The Los Calatos project, located in southern Peru, has a Mineral Resource of 2,316 million tonnes, comprising an Indicated Resource of 885 million tonnes at 0.42% Cu and 270 ppm Mo, and an Inferred Resource of 1,431 million tonnes at 0.40% Cu and 180 ppm Mo (at a 0.2% copper cut-off).

The Chilean assets include the Mollacas copper leach project with a Mineral Resource of 17 million tonnes consisting of an Indicated Resource of 7.2 million tonnes at 0.56% copper, and an Inferred Resource of 9.8 million tonnes at 0.52% copper (at a 0.2% copper cut-off); and the Vallecillo gold zinc project with a Mineral Resource of 10.1 million tonnes consisting of an Indicated Resource of 7.9 million tonnes at 1.14g/t Au; 11.4g/t Ag; 1.32% Zn; 0.29% Pb and an Inferred Resource of 2.2 million tonnes at 0.78g/t Au; 8.2g/t Ag; 0.58% Zn; 0.26% Pb (at a cut-off grade of 0.3g/t Au).

The Company also has a number of early stage exploration projects where initial exploration activities have identified anomalous copper, molybdenum and gold values.



William Howe

Managing Director


Competent Person's Statement


Metminco

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Colin Sinclair, BSc, MSc, who is a Member of the Australasian Institute of Mining and Metallurgy and is a full-time employee of the Company as Executive General Manager.

Colin Sinclair has sufficient experience (over 30 years) which is relevant to the style of mineralisation, type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results'. Mr Sinclair, as Competent Person for this announcement, has consented to the inclusion of the information in the form and context in which it appears herein.



SRK Consulting (Chile) S.A.

Metminco supplied SRK with a geological model and the drill data. Copper and molybdenum grades were estimated into a block model using ordinary kriging with GEMCOM software.

The information provided in this ASX Release as it relates to Exploration Results and Mineral Resources of the Los Calatos copper-molybdenum deposit is based on information compiled by George G. Even, Principal Geologist of SRK Consulting in Santiago, Chile. Mr Even, a Qualified Person for JORC compliant statements, reviewed the technical information presented in this document. Mr Ernesto Jaramillo, Principal Resource Geologist with SRK Santiago, performed the resource estimation. Mr Even has sufficient experience that is relevant to the style of mineralisation and type of mineral deposit under consideration, and to the activity which was undertaken, to make the statements found in this report in the form and context in which they appear.

Mr Even and Mr Jaramillo have consented to be named in this announcement, and have approved of the inclusion of the information attributed to them in the form and context in which it appears herein.

This sounds pretty good to me, but hell, what do I know , as the price continues to fall !

http://www.moneyam.com/action/news/showArticle?id=4474469

Metminco presenting at Minesite, click the link to view:
http://www.brrmedia.co.uk/event/107076/stephen-tainton-gm-investor-relations

The price is falling, but all the trades are buys.

I think MNC could be about to go on a decent bull run ! some good sized buys are
going through or being filled and could be attracting some MARL holders imvho.

If anything the upside here is better then mariana IMO

A lot of these mining stocks have been clobbered so much that some sort of rebound must be on the cards.

This stock was one of the plays of the week about 18 months back at 9.5 p.

Volume is going places as is the share price by now

Trades on order book, ISDX and has a market in Australia

Has reached 2.60p just now on a spike from 9.30am

Has reached 3p now as volume has gone places at both markets

MNC trades at ISDX

Up.89, or 38% on the day.

The bounce is on

Yes, I bought a few more. That's why they went down a bit before !!

Is following the trend this morning up to 2.80p, reached yesterday before profit taking

Who Should Attend?Date:

Wednesday 29 November 2017

Venue:

Novotel Tower Bridge, London EC3N 2NR, 10 Pepys Street, London, EC3N 2NR

Event Timings:Sponsored by: