Yeah i just found out that the use of cyanide is banned in slovakia, this is the biggest hurdle metalstech will have. This alone was probably the reason behind the previous owners letting go of sturec. There is other chemicals that can extract the gold from ore but they are fairly new and costly. i guess i just answered my own question as to why the market cap is priced the way it is. Nonetheless if they continue to find high grade levels of gold at high meterage, im sure they could crunch the numbers to make sturec a profitable operation. One major thing that latched me onto metalstech was the fact that J.P Morgan Nominne Australia own 25% of metalstech, they are a private hedge fund, which is pretty unusual for a fund to be investing into penny stocks they must be confident.
MTC Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
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