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AAP
AAP
National
Miklos Bolza

HISTORICAL FACTS: Tolga kumova admits us 4 8b error | History Defined

Mining New Century Melbourne
Tolga Kumova denies he 'pumped and dumped' by using positive tweets to inflate share prices. (AAP)

A mathematical slip saw the value of metal at New Century Resources erroneously inflated by around US$4.8 billion in 2017, prominent mining investor Tolga Kumova has said in court.

Under cross-examination in his defamation trial on Thursday, Mr Kumova admitted that a tweet he sent in September 2017 incorrectly claimed New Century's deposits of zinc, lead and silver were "one big cash register" worth US$12 billion.

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