Because they already have nearly 3 million ounces of high grade ore and expected target to increase easily another 2-5 million ounces , for a 5-7 million ounces total of high grade ,which means it isn't a little piss fart.
thats very attractive in a country that has a tinny 1.5% gold royalty rate..
there is an existing mine that produces a gold / silver concentrate only 25km away that has been successfully operating for +50 years, so the cyanide ban in irrelevant when they simply transport the Gold/ silver concentrate less than 60km into the neighbouring country for further processing into gold bars.
and they are already operating a successful mine very close..... the mineralogy is tier 1 first class...
MTC Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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