Refer also to announcement 21st June about the resource upgrade. It isn't the easiest report to make clear sense of, though. What we can deduce is that the small underground resource is likely to keep growing as drilling continues, and with their plans to basically cherry-pick the high grade areas it could be a profitable starter operation that could later expand either to open pit or to any of the surrounding areas they plan to explore. In the current Phase 2 drilling programme there should be six more holes to come, while others will be planned based upon results that come in.
MTC Price at posting:
61.5¢ Sentiment: Hold Disclosure: Held
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