That's right. We have to make discoveries, in order to do that we must go exploring. With drills. We are going to be doing that as soon as the snow melts. The more projects we drill the better the chance of success. If someone owns shares before we make a discovery then afterwards they might be worth more than before, unless we discover there actually isn't much under the surface. Surface samples can give an indication of what might be underneath as can magnetics, but it's the drill that really tells us. Have to drill lots of holes though. It's a gamble. High risk, high reward.
Past mining activities also tell us much about what is under the surface, such as those on our very high grade cobalt projects. Cobalt is hot. We would do well if we found some of that.
We have many lithium projects which haven't been drill tested yet. It was supposed to happen last year but our management team of the time wasn't experienced or qualified enough in the field of geology or exploring multiple projects concurrently to ameliorate the risk, IMO. So we suffered as a result.
Now we have a more suitable management structure for the task. It will be good to see what we can achieve, and discover in each and every project. Even if one or more isn't very exciting, like Adina may well be. There are 8 projects in total. We only need one or two to come good. Those are good odds. But it is a gamble. High risk high reward. You have to be in it to win it. Do your own research, buy low, sell high, or keep them hoping for a dividend.
Cobalt. Lithium. Mmmm.
MTC Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
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