'Excellent contributor' lol.
Aren't we hear to learn and share? I didn't see chairface's last comments before they got banned but the only thing that you'd learn from what they and others are saying about management is how to be narrowminded and judgemental.
MTC just announced that drill hole assays are coming THIS MONTH, but apparently no one else thinks that is worth discussing?
A company of the same market cap as MTC just released this today:
Surprisingly this was enough for a 46% price increase from this level of market cap, albeit on very low volume.
I believe it was more to do with sellers drying up upon confirmation that further drilling is warranted.
This really puts in perspective where the bar is for drill results from a company of this size.
Rusty Lake is the Cobalt project I have the most confidence in. The assays show the Cobalt is there and all the proper fieldwork and magnetics have been done.
I like how the tailings, i.e. the bare rock AFTER the ore has been removed, still holds as high a grade as some Australian Cobalt laterite deposits.
While I'm still learning geology myself, the good widths of Cobalt series in historic drilling are to my knowledge likely to hold the grades needed.
They also seemed completely open at depth so the decision to drill UNDER historic workings rather than AROUND appear to be chasing these.
I'm not the only one who got excited about Rusty Lake. Cobalt 27 paid hundreds of thousands (after split) cash for Rusty Lake's NSR which is a massively risky move as it depends on MTC mining it for them to even start making returns, but obviously they did their DD and they have professionals who know their geology and the area so there must be a reason for them to be certain Rusty Lake will restart as a new mine.
(20min delay)