MAT 11.8% 3.8¢ matsa resources limited

John:The Mat newsflow is excellent, albeit the share Price is in...

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  1. 253 Posts.
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    John:
    The Mat newsflow is excellent, albeit the share Price is in my opinión now severely undervalued.
    If this does not change short/medium term, I think this can end long-term like EXU Explaurum with current MK Cap of 63 Mio AUD who received an unsolicited, undesired takeover bid from Ramelius. EXU has according to their presentation within 3 years or so bought together an emerging gold district, their head Project Tampa is a shallow near Surface low grade Project 700K. Matsa could end up with several similar open pits plus some underground high grade  potential like at Red October. Obviously near Surface projects can be of great interest, as shown by Ramelius. 
 
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