Hi @SimpleJim ....
to your questions and concerns...
Out of last annual report:
It looks like by the past mining licences for Kremnica (Sturac licence), that they always got only permitted for max 3 years with Extensions periods. After the existing licence till 2024 , MTC have to apply for another extension period.
We got our underground permits till 2024...another 4 years. For me it looks like management are looking into early production from Sturec or stockpiling high grade material, what could happen with not to much capital expenditures in the near future
Looking at the Sturec mineral resource model and where we are drilling atm (never drilled before)....
looking very yummy.....
Hole UG 1 and UG 2 weren't to shabby as well....
Thats to your concerns @SimpleJim ....Even only a smaller resource, even I doubt that, would be very profitable through very low cost production through existing infrastructure, the likes of power, water and already existing underground shafts. Plus, we got some juicy never drilled before targets in close distance....
MTC Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
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Hole UG 1 and UG 2 weren't to shabby as well....
(20min delay)