MAT 0.00% 2.6¢ matsa resources limited

Ann: Matsa Expands Lake Carey Project, page-6

  1. 253 Posts.
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    Kamprad7, I agree:
    Today one canadian share that I am invested in, anounced drill results for 100 m continuous at 5 percent Cu equivalent, a carbonate replacement system with Cu, Au, Ag in Canada. The Stock went from 40% plus down to only  plus 20% actually.
    This could be a Kennecott (now Rio Tinto) Canyon Mine UTAH like system good for 100 years at up to 1,6 Billion USD sales volume per year...
    But still MK Cap at 35 Mio CAD or so....
    So safest bet to look at cash flow positive bets with profit upside. But even here is not everything fine like my holding in K92 mining, a canadian Papua New Guinea Producer, today 0,75 CAD with Marquarie giving a 2,60 CAD target 1 year from now....They are estimated to make 46000 Uz Au Eq this near and maybe 100000 plus in 2019.. Their grades this year according to a internet site have been the third best drill results worldwide...
 
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