Fortitude after testmining would mean fresh rock from 50 to 200 m with blasting and drilling, for that we need from March on a reasonable AUD/USD/gold price relationship. Could be 40K per year. Red October is a high grade, narrow mine with 1 access only, so 20-25 K per year potential, Red Dog 15 K per year potential. All three nearby.
Regarding Toll mining deal, there were three competing Toll mills nearby.
The investment in shares so far looks promising, but shareholders are usually not interested in this I think.
The high insider participation I like too, I sold just out of another company with low insider participation and high dilution at loss. Pilbara as said a very low cost bet.
MAT Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held
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