MITRE MINING (MMC)
Market Cap: $79.7m @71c
High-Grade Silver and Gold
Chilean silver-gold mining project positioned for growth that can be fast tracked into production
• Board and management team with a proven track record of value creation
• High-Grade Inferred and Indicated Resource base of 50Moz @ 311g/t AgEq
• Rapid low-cost resource growth through the drill bit
• A$150M Existing Infrastructure including processing plant
• Multiple underground mines to support restart
Mitre Mining secures $10.5m in capital raising to drive rapid growth in Chile (*********.com.au)
...what I like about MMC is that substantial DD has been done to warrant investments from Steve Parsons (founder and former MD of Bellevue Gold) and Tribeca (instos)
Substantial Shareholders
Steve Parsons 7.8% Tribeca Investment Partners 5.4%
...this is a little know ASX silver stock that just got IPO, standing alongside new silver star Sun Silver (SS1)
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