I believe the East Arunta drillng program is the most exciting drilling prospect we are likely to see all year. I have been hanging out for this drilling campaign. With 6 very juicy targets i believe the chances of hitting mineralisation in this drilling program are very high.
As another poster said this is Elephant country and Mithril probably has the best leases in this region. As a rule i will never invest in an exploration company before drilling results are announced. But in this case i have broken my rule. The risk to reward ratio is very good in my opinion and was too good an opportunity for me to pass up. For a company that has just raised capital and has in my opinion the most exciting drilling program of the year, this company is tottally undervalued and way under the radar. And that is why i have seized this chance over the last 2 days to buy into this opportunity at bargain prices.
Im bloody excited about this drilling program that will probably take about a month and then about another month after that for the final drilling assays. So we are up for an exciting couple of months.
Another reason I bought in was the second drilling campaign where Mithril is free carried by MMG. This drilling campaign starts in October and further de risks this opportunity.
Anyway im bloody stoked to be in at these prices. Goodluck to all holders :)
MTH Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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