MTC metalstech limited

Ann: EXTENSION OF HIGH GRADE MINERALISATION AT STUREC GOLD MINE, page-25

  1. 4,123 Posts.
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    MTC daily 3.JPG

    Looks poised to make a direction change.
    Stochastics and MACD softening but support strong at 20c.

    Would appear the market is awaiting these drills cores before marking up/or down. Given the last drills should have sent this to 100M MC consider 90m at 4g/t

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    with visible gold in UGA06 expect those results to come back shortly then as indicated by the company they've hones in on the ore mineralization. Considering how far they've stepped this out and hitting significant intercepts is quite impressive.

    1M ounce resource in it's own right as it stands. Easily going to 1.5m-2m with further drilling IMV. That is just Sturec too.

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    Step out.JPG
    The above helped me to visualise to ore body orientation.

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    Check out the MC/ounce

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    then the confidence of geology

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    Mining license in place also, make this a very quick turnaround.

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    Then if they wanted they could drill their other targets which are right next door.
    Opportunity for multi million ounce asset. Sturec will host around 2M ounce IMO depending on how much drilling they elect to do. But with additional targets they can potentially have a few underground mines in action. In time there may be a change with community which allows fully open pit design, so lots of upside but happy with the change of direction.

    SF2TH
 
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Last
14.5¢
Change
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Mkt cap ! $30.26M
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