Bollinger- Somehow my remark was canceled before
I compared the drilling cost in a supposed to be better as normal latinamerican drilling location with Matsa at Lake Carey. Expected Australia to be far more expensive. It is not so. They can use far cheaper aircoredrilling for not so deep more flat lying gold drills too and even the diamond drill costs are lower. And the best: Matsa drill price is in AUD,
foreign price is in USD. The current drilling is not a particular costly issue. Let them make money with production put it in comparatively cheap exploration and from at least 2019 this share should fly. Will keep my 380000 plus shares.
Finally I think the ASX market is in 2018 far worse as in 2016, while my canadian contacts tend to become surprisingly bullish due to many majors looking for adding urgently needed new resources- time might come when ASX will change the attitude again.
MAT Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)