We have probably spent that much on exploration and aquisitions at Cancet, 59 promising holes we've drilled. In my opinion it would be criminal to let it go for ten million and it's value, which can only be realised through further intensive drilling, surely must lie well north of that. Potentially hundreds of millions or into the billions, we won't know until we drill it further, why on earth we are waiting is beyond me. In the meantime we've sunk to 4c a share and if someone were to launch a takeover, they might get the bargain of the century, especially if Cancet becomes a mine eventually. At this rate of work that couldn't possibly happen for a decade at least imo.
MTC Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held
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