Ann: RIU Explorers Conference Presentation, page-4

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Declanc

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22/02/19

13:21

Post #: 37531467
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Originally posted by red-frog: ↑

I listened to Paul's presentation at the RIU Conference in Freo today. He was very bullish about Matsa being a producer and an explorer. He thinks the company can have 2 mines running within 12 months.

With the rules the way they are, it's hard for the company to come out and say what type of ounces they expect to produce, though Paul sees a much higher figure than 10k oz at Red October and the possibility of Fortitude cranking up if the gold price holds its ground.

I asked about Bulletin as MAT has 48m shares in them. Paul said they have no leases currently in their name after the Territory Minerals
deal fell over recently, but the board is on the lookout for projects that will suit BNR. There has also been the CM1 fiasco which is more an issue for CM1 than BNR, though Bulletin is affected through association from the market's perspective.

I got to see a few ounces of gold that had been collected from the Parabardoo lease. I
expected the nuggets to be from
conglomerates but they were mainly normal looking nuggets with ironstone through them, not too disimilar to the nuggets I find around Meeka.

In summary, I like where the company is going and it's always a bonus when the directors have shelled out cash for their shares, just like the rest of us. There were much bigger and more profitable companies presenting during the 3 days, but I reckon Paul displayed more passion and exuberance than the rest. I get the impression he lives and breathes this stuff.

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Paul is the most passionate CEO and always willing to take a call which you wont get in most companies. I try to only have a chat few times a year and he is always accommodating. In terms of business acumen and the deals that have materialised, along with transitioning from explorer to producer/ explorer in the toughest market possible is commendable.

Ive been in for over 6 years and believe the next 12 months will be company defining IMHO.

Declan

Last edited by Declanc: 22/02/19

MAT Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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Ann: RIU Explorers Conference Presentation, page-4

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Ann: RIU Explorers Conference Presentation, page-4

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