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Mineral and Financial books £722,000 pretax profit in interims, NAV at record high

The zinc resource at Lagoa Salgada may yet go higher, as more drilling is planned
Mineral and Financial books £722,000 pretax profit in interims, NAV at record high
There is already 21mln tonnes of zinc ore identified at Lagoa Salgada

Pre-tax profits for Mineral and Financial Investments LTD (LON:MAFL) rang in at £722,000 for the six months to 31 December 2018.

That equates to 2p per share.

WATCH:  Mineral & Financial net asset value hits a high in final quarter of 2018

What’s more, the net asset value derived from Mineral and Financial’s investment portfolio and its stake in the Lagoa Salgada zinc project in Portugal has hit a record high of 12.5p.

That’s up 72.5% on the corresponding period a year ago.

The company has £750,000 cash on hand and is expecting more money to come in in due course in staged payments from joint venture partner Ascendant Resources.

 

 

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