It can't be long now till we start to get a steady stream of news from our favourite soon to be producer.
If you take a look at PGO on Friday they announced that they were about to start a drill programme and the stock popped over 15%.
I suspect we'll get a nice little move on a similar announcement re the DD and that hopefully we are close to further news re our path to production being on time and on budget.
In short, I think we are not far away from MAT being a "sleeper" to it becoming a stock on which the market will have numerous reasons to focus.
And although the pullback in the gold price from approx. USD1293 to USD1218 didn't help gold stocks, I believe the lows are in place and that we will soon be trading above USD1300, having broken the 200-day MA to confirm the resumption of the gold bull market.
If I am correct in my analysis, MAT is perfectly positioned to benefit from this.
IMHO, the rerating is imminent.
MAT Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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