Yep, if the scoping study can demonstrate a feasible plan to access a decent amount of the nominal 1.5Mt resource from underground, along with a high grade seam or two from the newer drilling the market may well re-rate the company. The other positive is that cash is adequate for at least most of this year, forestalling the need for a CR. One thing this company has succeeded in is managing to keep the number of SOI and therefore the MC at relatively low levels.
MTC not sure if I should exit, page-13
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $43.10M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 22.0¢ | $11.24K | 50.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 181419 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 59233 | 3 |
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| Last trade - 12.20pm 26/06/2024 (20 minute delay) ? |
| MTC (ASX) Chart |