This is a very well written, concise quarterly which gives a detailed and very clear picture of exactly what the exploration plans are, a timeline for them and reasoning behind it.
It clears up certain confusion caused by past communication which was a little incomplete by stating "in February MTC commenced a 7 week - 2000m reconaissance drilling program with up to 25 holes planned subject final drillhole depths".
That's a good sign, we drilled 10 holes for an average of 200m. At Cancet the average was 70m. I suspect we may have some decent and lengthy intercepts here at Adina, which is of course an opinion only.
We have a very clear picture of our future plans and I have full confidence in the ability of management to make it all happen.
MTC Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
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