MAT
Click for more information
3.33% 3.1¢ matsa resources limited

I don't get how a 727k oz resource, to a 160m depth only with...

  1. watchitgonow
    1,912 Posts.
    lightbulb Created with Sketch. 655
    clock Created with Sketch.
    18/08/21
    10:40
    Post #: 55377262
    I don't get how a 727k oz resource, to a 160m depth only with mineralisation at end of hole and actively drilling, plus existing working mine infrastructure and income (albeit being run down) plus a 7mil JV with IGO free carried, plus 3.38mil cash is worth sub 20mil mcap. especially when DRE no jorc just some drills 2.5mil cash is worth 120mil mcap.

    Thanks to those selling happy to keep buying but surely this is one of the most undervalued stocks on the ASX
    Last edited by watchitgonow: 18/08/21
    MAT Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Rate cuts, assassination attempts, gold, oil, AI – what to watch in USA this week
right-arrow Created with Sketch.
NEWS Massive rare earth find near Jupiter project – high ratios of magnet oxides uncovered
right-arrow Created with Sketch.
NEWS ENR: Most viewed thread today
right-arrow Created with Sketch.
NEWS The psychology of spending: How to manage finances wisely
right-arrow Created with Sketch.
NEWS HotCopper users bullish on Raiden's news it won Andover South approval as expected
right-arrow Created with Sketch.
NEWS Outstanding metallurgical results significantly de-risk Mandilla gold project
right-arrow Created with Sketch.
watchlist Created with Sketch. Add MAT (ASX) to my watchlist
(20min delay)
Last
3.1¢ 		Change
0.001(3.33%) 		Mkt cap ! $17.52M
Open High Low Value Volume
3.0¢ 3.1¢ 2.9¢ $26.58K 875.0K

Buyers (Bids)

No. Vol. Price($)
1 300000 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.1¢ 203523 1
View Market Depth
Last trade - 15.55pm 17/09/2024 (20 minute delay) ?
MAT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.