MTB 0.00% 0.2¢ mount burgess mining nl

very quiet out there, page-5

  1. 1,265 Posts.
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    I would expect an annoucement within two weeks at the most. The assays are all done in Botswana, not shipped to australia.

    It is pleasing to see that despite the lack of price movement, there are very few holders willing to sell at this price. I think the 6.5c it traded at last week would be an absolute basement and due to the lack of sellers a positive ann re the gossan drilling will no doubt result in a substantial price rise.

    However I am not so sure that any drill results from Kihabe will have any effect on the sp. To be honest I don't think the market is at all interested in a low grade resource and not much will change this until there is a larger jorc and a positive bfs - which I do however think will come.

    I think patience is the key here and I am looking for a 12c + price in 4-6 months. The only thing that will change my view on this is strong drill results from gossan, which I believe to be a far better prospect than Kihabe and am very bullish on.

    Unfortunately the company seems to be doing very little with its Telfer gold and Namibian diamond play, but this is probably due to a lack of finances and no doubt i expect to here about a capital raising soon.

    Good luck to all holders and as I said I think patience is the key here.
 
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