Madmax. Have a read of the Matsa Website & the Latest Anns.
Matsa is NOT just focusing on the project right next to SIR. They have other promising projects in Australia & Thailand. Some of the projects are in advance stages already (proven resources etc).
It will be more risky if they were only focusing on one project...but this is NOT the case for MATSA.
MATSA has a decent amount of CASH to complete the require programs (i.e. drilling) for the coming 12 months.
With a tight capital structure (only around 132M shares, 60% belongs to TOP 20), $6Million cash backing & multiple promising projects (including next to SIR)... I think it is worthy of holding on for a while with minimal risk (just MO).
Good luck!
Kiddo
Ann: Exploration Update , page-19
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