MAT 3.33% 2.9¢ matsa resources limited

you missed the mainpoint:: 300,000 higher grade shallow resource...

  1. 61 Posts.
    you missed the mainpoint:: 300,000 higher grade shallow resource for potential 3rd party treatment. What this means: they can hire a crew[ which are now a dime a dozen] dig shallow pits[ costs of oil is quite reasonable now] and truck to a nearby plant for treatment. Even if their costs are $800/ ounce- and they should be much much less- that leaves $4-$500/ ounce profit. $400x 300,000
    ounces=a whopping amount of cash. There are no start up costs to do this, and no capital investment either. pretty shrewd........
 
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