giod presentation of the scoping study. picked up that they’ve applied to drill from surface on the north and west exploration targets. These already have some decent hits at higher grades. These areas have an exploration target of between 1m and 2.4moz. Plus a few other areas on top of that. they expect to be drilling them this year, so more news flow on those as well as pfs.
that AISC is one of the lowest out there, although I’m not comfortable with them using US$2014 in their calculations with POG at US$1773. normally a lower price than spot is used. So I’d be taking 15-20% off those cash flow and NPV numbers. Still VERY attractive. But management do like to push things higher than they really are.
things looking better all the time here. If I wasn’t in my bear cave, I’d probably be buying more. But happy with what I have for now.
cheers,
ned.
MTC Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
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