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Mineral & Financial Investments sees NAV almost double to £5.1mln

Mineral & Financial Investments Ltd's (LON:MAFL) Jacques Vaillancourt talks Proactive London's Andrew Scott through their full year results to June 2019.

MAFL saw the value of its assets nearly double in the last year to just over £5.1mln.

In the year M&FI took full ownership of TH Crestgate, which in turn owns 75% of the Lagoa Salgada base and precious metal project in Portugal.

Other notable investments include Cap Energy (which has oil acreage in the shallow waters off the coast of Guinea-Bissau) and a 2.91% stake in Canada- listed zinc producer Ascendant Resources.

Quick facts: Mineral & Financial Investment Limited

Price: 9.75 GBX

AIM:MAFL
Market: AIM
Market Cap: £3.42 m
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Mineral & Financial's Jamie Lesser discusses Lagoa Salgada resource update

Mineral and Financial Investments Ltd's (LON:MAFL) Jamie Lesser tells Proactive London they've moved closer towards their aim of developing the Lagoa Salgada VMS project in Portugal after reporting a 71% increase in measured and indicated resources at the North Zone part of the property. The...

on 1/10/19

2 min read