MTC metalstech limited

Ann: MetalsTech Fast Tracks Drilling at Sturec Gold Mine, page-230

  1. 1,356 Posts.
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    I agree... I went through every announcement regarding this project when owned by ARC minerals nothing indicated it was a dog project... in fact quite the opposite, Banning cynide in Europe was a set back, However Arc did heaps of work getting the current mining permit, which is key to getting the open pit permit next... ARC minerals had real success in Africa and that’s where all their focus went... the money ARC got for the project went straight into drilling up their resource.
    A feasibility study was done in I believe it was 2013 at $1300 gold price... it looked very profitable then. The gold price was around 1450 when MTC bought the project and now where about to break US $1800... it’s looking good.
 
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