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Hy Lake Gold Inc (CNSX: HYL)
 

Hy Lake Gold Inc (CNSX: HYL, Frankfurt: HYK) is a junior gold exploration company with several+ Read More
Home > Junior Resource Stocks > Macarthur Minerals Ltd
The Ubika Research Junior Resource stock watchlist

Macarthur Minerals Ltd (Symbol: V.MMS)

Company Name: Macarthur Minerals Ltd
HQ Location: Perth, Australia
Company Website: www.macarthurminerals.com
Shares Outstanding 44.52 Million
Closing Price (March 21, 2011) $3.04
52 week (Low – High) $0.65 - $5.04
Market Cap: $566.23 Million
Average Daily Volume 2.87 Million shares
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The Ubika Research Resource Stock Watchlist is a feature that profiles junior mining stocks. Visitors will discover high potential Canadian mining stocks, the best gold stocks, small cap energy stocks and junior gold companies through this very popular feature.

Share Highlight / 1-Year Stock Chart

Share Highlight
 
Macarthur Minerals Ltd

Business Overview

Macarthur Minerals Limited (TSX VENTURE: MMS), is a Perth, Australia based resource development company that is currently focused on developing its Lake Giles Iron Ore project, located in the Yilgarn iron ore district in Western Australia. The Lake Giles project is located 110Km from rail with direct access to the Port of Esperance, Western Australia. The project has a resource of 1.3 billion tonnes of Magnetite mineralization that has been reported in accordance with National Instrument 43-101, and 18 million tonnes of potential Direct Shipping Ore (DSO) Goethite/Hematite at 55.5% Fe. + More info

What is interesting about Macarthur Minerals Ltd (V.MMS)?

  • Iron ore is emerging as an attractive area in the commodity space for consolidation and Macarthur Minerals has all the essential ingredients to make it a potential target. 
  • Located in a very safe jurisdiction – Australia.  The project located in Lake Giles,Yilgarn Region of Western Australia
  • Access to rail, ports energy, labor and China the attractive end market for iron ore
  • Company is well financed and recently raised $50M
  • Focused on development of the 18 million tonnes of DSO (Direct Shipping Ore) Hematite iron ore @ 55.5% Fe in the short term
  • NI 43 101 compliant Magnetite inferred resource of 1.3 billion tonnes (average grade of 30%) - upgrade pending.
  • Experienced and committed board and management team
  • The company plans to mine the hematite at the surface to generate cash flow for the company to develop its much larger magnetite deposit. This may potentially reduce the dilution to current shareholders in mine development phase.
  • Aggressive 100,000 metre drill program planned for in 2011, should give plenty of news flow to investors
  • Company has received positive scoping study for the moonshine magnetite deposit that has 710 million tons (30.6% Fe).  The estimate includes 5 million tonnes at 54.3%Fe (at a 40%Fe cut-off), which has been identified as potentially direct shipping magnetite
  • A smaller share outstanding should help in supporting the share price

Risks

Junior mining companies need to have access to capital to be viable. Any mine development project involves numerous risks including environmental, financing and commodity price risks.

Macarthur Minerals Ltd. News

Ubika Research Disclosure

Ubika Corporation, its affiliates or its divisions including smallcappower.com are not registered with any financial or securities regulatory authority, and do not provide nor claims to provide investment advice or recommendations to readers of this report. The information in this report is designed to present the opinion of Ubika’s analysts and what they believe to be the objective prospects of the highlighted company.

Copyright

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Disclaimer

Ubika Corporation, its affiliates or its divisions including smallcappower.com are not registered with any financial or securities regulatory authority, and do not provide nor claims to provide investment advice or recommendations to readers of this report. The information in this report is designed to present the opinion of Ubika’s analysts and what they believe to be the objective prospects of the highlighted company.

Macarthur Minerals Ltd may enter into a commercial relationship with Ubika Corporation, Investor Cubed or our affiliates for research coverage and capital market services and may pay fees and or shares or stock options or warrants for being mentioned at smallcappower.com. Hence the highlighted company information is an advertisement only and does not and will not constitute an offer to buy or sell securities in the highlighted company.

Was any fee (either in Cash or in Stocks/Options) paid by the company to smallcappower.com or its principal’s Ubika Corporation and/OR Investor Cubed Inc for providing services No
   
Common Stock/Options Ownership in Macarthur Minerals Ltd  
Analyst(s) No
Analyst’s family members No
Analyst’s firm, their affiliates and/or subsidiaries No
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