SRT (ASX) Ann: Pre-Quotation Disclosure

Originally posted by Hydrogen1: ↑

Hello all, New to Hot copper but I post on the MTR LSE board https://www.lse.co.uk/profiles/hydrogen/ MTR is a well run company with a 2% net smelter royalty over 14000km2 of the Kalahari Copper belt. Much of this land was previously successfully explored by the former MOD resources.

MTR are currently drilling the 70% owned KCB property Kitlayna East and West, which is very close (10 to 15km) to SFR's T3 Project (53Mt at 1.2% CU) and A4 (Maiden MRE 6MT at 1.7%Cu equiv...) which is now throwing intervals like 33m at 16% copper and 1m at 61% copper. Some very high grades in there.

Approx 39% of MTR tightly held by 6 entities: management, Sprott and Rick Rule a few UK instos investors plus Geologist, Terry Grammer's wife.

MTR hold active and passive stakes in multiple high impact prospect generators. The current MTR Mcap is fully underpinned and covered by the liquid investments, but the 2% NSR is not really priced in yet... So for example: estimates suggest a mid case for $35m from A4 Project alone to MTR over the next 12 years. But a High impact upside scenario could be significantly more. MRE upgrade at A4 coming in June. Essentially that's $35m US per discovery, beyond the T3 Starter project. Sandfire currently drilling multiple other prospects including A1 T1 T27 etc (so the scope/potential is 10x $35m or even more)

Then a hit significant high grade copper/silver hit at Kit east or West should add around £50m to £100m to the company taking the Macp well over £100m IMO.

MTR is a profitable highbred Royalty Streamer, Prospect Generation investment vehicle and Junior Copper Explorer with a great future.

GLA

Expand

I like the latest Arden note.
They are generally very pessimistic yet even they have the upside case at 83p/share, personally I think it will reach much higher even in the short/mid term. The CEO is aiming high, and rightly so, as MTR has everything going for it especially in the KCB.

Originally posted by Hydrogen1: ↑

Hello all, New to Hot copper but I post on the MTR LSE board https://www.lse.co.uk/profiles/hydrogen/ MTR is a well run company with a 2% net smelter royalty over 14000km2 of the Kalahari Copper belt. Much of this land was previously successfully explored by the former MOD resources.

MTR are currently drilling the 70% owned KCB property Kitlayna East and West, which is very close (10 to 15km) to SFR's T3 Project (53Mt at 1.2% CU) and A4 (Maiden MRE 6MT at 1.7%Cu equiv...) which is now throwing intervals like 33m at 16% copper and 1m at 61% copper. Some very high grades in there.

Approx 39% of MTR tightly held by 6 entities: management, Sprott and Rick Rule a few UK instos investors plus Geologist, Terry Grammer's wife.

MTR hold active and passive stakes in multiple high impact prospect generators. The current MTR Mcap is fully underpinned and covered by the liquid investments, but the 2% NSR is not really priced in yet... So for example: estimates suggest a mid case for $35m from A4 Project alone to MTR over the next 12 years. But a High impact upside scenario could be significantly more. MRE upgrade at A4 coming in June. Essentially that's $35m US per discovery, beyond the T3 Starter project. Sandfire currently drilling multiple other prospects including A1 T1 T27 etc (so the scope/potential is 10x $35m or even more)

Then a hit significant high grade copper/silver hit at Kit east or West should add around £50m to £100m to the company taking the Macp well over £100m IMO.

MTR is a profitable highbred Royalty Streamer, Prospect Generation investment vehicle and Junior Copper Explorer with a great future.

GLA

Expand

No.	Vol.	Price($)
1	57028	17.5¢

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57028

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21.0¢	50095	2

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50095

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1	57028	0.175
2	70000	0.170
1	14280	0.140
1	1230	0.130
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0.210	50095	2
0.230	45678	1
0.250	10000	1
0.280	10000	1
0.295	5000	1

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0.210

50095

0.230

45678

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(20min delay)
Last 18.5¢		Change 0.000(0.00%)		Mkt cap ! $31.34M

Open	High	Low	Value	Volume
19.0¢	19.0¢	18.5¢	$9.548K	50.72K

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