MTH 8.70% 12.5¢ mithril resources limited

Ann: Kurnalpi drilling returns further high-grade nickel-cobalt, page-44

  1. 6,951 Posts.
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    hmm interesting this one, although MTH did not hit the historic grades that some might of been hoping
    they still hit decent thickness and grades and have no doubt confirmed cobalt is there which was the objective of the company going forward.

    I mean a 40% sell off should warrant no cobalt found and pretty much the whole prospect is not worth further drilling ( not the case at all for MTH imo)
    for a 4.5 million MC company I think that's pretty decent hits and offer's decent leverage in a hot commodity
    cash position of MTH may well have contributed to the heavy sell off I would speculate, hopefully the company can expand on tenements in the area and raise cash in the high 3's
 
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