I'm a mystery who throws for 0.13 Aud his pieces ... Matsa builds great projects together with steady cash flow revenue. The production is running and I hope that Matsa can earn a profit of 4-5 million AUD with the Red Dog Mine.
Then Red October will be next to production recovery.
In the coming days i expect more drilling results from the Fortitude North Project. There, Matsa has last continued the Aircore drill program and is investigating potential extensions of the recently discovered gold grades. Any successful drilling in this area dominated by Anglogold could make them action. By that I mean an acquisition / take over or something similar.
for me Matsa is more than undervalued.
MAT Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
