MTC's ~Disallowed $1 Research Note, page-24

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rick26

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05/07/18

12:58

Post #: 34159656
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Originally posted by Jarama ↑

Nope, my information is much better than his ever was.

SYA's making headlines right now and is a good example to benchmark against.

SYA gained ~35M on its market cap in single day today by merely restating information that was already known to astute listeners to get back to the ~80M Market cap for its 20Mt at 1% project. There's a July 2017 research report with the company at a 15M market cap. So you'd think they'd have made so many bags since then right? Nope, that price was 1.6c so only ONE bag in price from 15M to 80M. They have made good progress but at the shareholder's expense as they're left sitting with watered down holdings. That said though, the company still violently 10 bagged within a period of 3 months before settling for the modest gain which is a timely reminder of how fast everything can change. Those who made millions off that Disallowed were not lucky, they just looked deep enough to identify geological/economic value early, and then were rational enough to sell when the price exceeded that value.

Cancet has many fold higher grades than them based on drill results which can result in a resource closer to the 2% of the target range (=Tens of millions lower Opex in feasibility studies), and SYA's tonnage is bang in the middle of Cancet's calculated resource target. Add the ~300PPM of Tantalum credits in nearly every intercept and it's easy to see Cancet with Cancet East and Adina as LOM extensions worth a FAIR $1/$100M all by itself at that same phase.

I have my own opinion on the price value the additional projects add but it's still a very broad range. After MTC's drilling starting in ~3 weeks, those first 2 projects will be much easier to value and there's plenty more to go.

You mentioned sharks getting caught in a post Patience, I intend to not sell a cent until the market cap reaches my 'fair' value of 100M+other projects, obviously subject to small adjustment for resource prices etc. The second that's exceeded I'll sell everything and only buy back in if the price dips lower than that fair geological/economic value again. That's the only way to not get caught out, by always paying for less than what you get. I might miss out on some of the hype premium profits, but long term it de-risks investing as long as I'm right about the geology which I have no doubt about after my own extensive 'due diligence'.

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Will you share with us the market capitalisation at which you've decided the value of our projects will be exceeded and you'll sell your shares Jarama?

Last edited by rick26: 05/07/18

MTC Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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MTC's ~Disallowed $1 Research Note, page-24

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MTC's ~Disallowed $1 Research Note, page-24

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