So the current MC of MCT following the recent sell down is now...

So the current MC of MCT following the recent sell down is now only $29 Million.

That MC is less than the value of MCT's Zinc assets that was slated for listing on the Canadian Share market in late 2018 with a value of C$32.5 Million. We know management are actively looking to sell these quality Zinc assets currently to focus on the Gold assets.

"Sale of the Admiral Bay Zinc Project and the Lennard Shelf Zinc Projects to Canadian subsidiary, Kimberley Mining Limited, successfully completed. Total cash payments of up to C$12,500,000 (A$13.28M) to be received, as well as planned equity holding valued up to C$20M, total C$32.5M (A$34.6M) subject to successful completion of IPO."

So the market is now ascribing no value whatsoever to MCT's share of the current Gold JV.

Now we have a number of announcements due over the coming weeks:

1/ Drone magnetics survey results. Due out later this week.
2/ Phase 2 Drilling due to commence Monday 20/7/20 for 5000m drilling.
3/ Quarterly due out by 31/7/20.
4/ AGM in early August.
5/ First assay results from Phase 2 drilling due from mid August onwards.

If you can't see potential in this stock with a MC now of $29 Million you never will. Just look at the diagram below, it's screaming out high grade gold shallow to surface, open in all directions.



"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well."