MET 0.00% 39.0¢ mt isa metals limited

back from the dying, page-13

  1. 7,389 Posts.
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    Hi Loki,

    I'm sure MET would be mindful that so many drill prospects could be untenable but they may in due course adopt the same strategy that AMX have applied; i.e., farming out certain areas to JV parners who will pay for exploration in return for a share of ownership. If, though, they can prove up a decent resource at Nabanga next year then, barring another catastrophic market downturn, the SP should rise to such a level that the raising of $25-30M to keep things moving at pace on all fronts should be easily achievable. Personally I'd like to see them follow WAF's lead and obtain their own drilling rigs. The few million $ (?) for these would be money well spent since we would not be relying on outside equipment availability and the ongoing cost of its hire.
 
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