closing gaps, page-9

State One Stock Broking has increased price target to 59c

The Report state "Our sum of parts valuation consists of; Mt Henry equals 19c; cash and liquid assets to ~9c; Symons Hill equals to 28c; Dundas equals to 3c a share. Our total valuation for MAT adds up to 59c per share.
The catalysts for rising shareholder value will come from exploration at Symons Hill. Once drilling commences, anticipation will be high on drilling results. We don’t expect anything like SIR’s exploration results in the first round of drilling and our expectations are to see encouraging Ni values which should lead MAT to further define exploration targets. Anything above that will be a bonus."