Exactly Jim , the other point people / investor are missing is that MTC all ready has a 1.1 million ounce JORC gold resource at P&P valuation @ $160 USD / ounce = $176 000 000 USD. The current MTC market cap is $15 mill AUD that’s why I’m saying we’re at least 15 times underpriced
Inferred: the lowest-confidence category, based on just enough drilling to outline the mineralization.Measured & Indicated (M&I): these higher-confidence categories have been drilled enough to establish their geometry and continuity reasonably well. Proven & Probable (P&P): These are bankable mining reserves – basically Measure and Indicated resources with established value.
US$20 per ounce Inferred US$30 per ounce for M&I US $160 per ounce for P&P
MTC Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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