discovery plays get valued on what gets discovered + future expectations for the system.
so there's no limit with this kind of grade and system potential - but not enough info yet to estimate a possible resource
= a price target would be just arbitrary technical fib targets and prior resistances. ie pretty meaningless really
thats why i use Viszla as a comp - at least gives me a baseline. Its the only other mexican project i know thats been showing these kind of grades from start - and quite a similar prior history.( discovery silver has some occasional intercepts of this order but its primarily low grade and its going to be a bulk tonnes operation so its not really a comparable)
Viszla attracted big finance support when it had less than what MTH's shown to now- went from 45c (~$30m mkt cap I think) to $2.90 CAD simply on 0.2- ~2 m intervals of up to 2000g/t ag eq from memory + having an option to buy an existing mill
its shown more recently in terms of longer intervals at great grades - but last I heard they are running 6 drill rigs - so...
thats why i saw MTH as approximately a fairly safe buy below ~$50m mkt cap - because i think the market will pay that generally for simply a Mexican land package that has shows of 1000+g/t ag eq grades in a known system area with system wide rights - even when most of the initial intercepts tend to only be short
could be the market would think $100m was fair value for the tenure - hard to say. likely depends on the state of PM sentiment to a degree
was the newsletter local or canadian does anyone know?
none of that is to say there wont be a cr.
but cr's can often be a launch point for really high grade PM projects that generate excitement - not a short term top
but the result is i do think its still way undervalued vs where it would be if it was on the tsx-v
- Forums
- ASX - By Stock
- Ann: MITHRIL DRILLS 80.3 G/T GOLD, 705 G/T SILVER OVER 8.26M
discovery plays get valued on what gets discovered + future...
-
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MTH (ASX) to my watchlist
|
|||||
Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $11.79M |
Open | High | Low | Value | Volume |
11.5¢ | 12.5¢ | 11.5¢ | $102.4K | 875.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 105956 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 37900 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 96956 | 0.110 |
4 | 121673 | 0.105 |
8 | 326000 | 0.100 |
3 | 74278 | 0.095 |
1 | 5522 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 37900 | 1 |
0.120 | 50000 | 1 |
0.125 | 39550 | 4 |
0.130 | 128580 | 3 |
0.140 | 200000 | 3 |
Last trade - 15.25pm 16/08/2024 (20 minute delay) ? |
Featured News
MTH (ASX) Chart |