Although The Very Exciting Kurnalpi Project looks the beans, there is a very valuable asset that MTH own worth over a $1 billion in ground on the Cobalt alone.
"The Company also retains a small project in the Northern Territory (East Arunta) which contains the Basil Copper Cobalt Deposit (Inferred Resource of 26.5Mt @ 0.57% copper, 0.05% cobalt). "
That is not so shabby at all. It's in the top 8 of Jorc'd Oz Cobalt deposits.
Look at something like N27 with just 500k resource! and a mk cap multiples higher.
Whats the betting this resource could be snapped up and grown ?
With AUZ's sconi being snapped up, these deposits are few and far between.
It's got to be worth $40m / $50m on this alone.
Add in The Excitement of Kurnalpi and for $5m mk cap, this has surely got to be one of the v cheapest goods in ground stock on ASX/TSX/LSE.
GLA
MTH Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
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