Management has a lot of stock in MCT. MCT has MOUs with Minmetals and CNFC (JV) which are active.
Matt Gauci has been road showing in Asia and North America relentlessly and has come back with equity placements from serious zinc players. MCT was the only company a while back who was part of the Chinese battery association conference. MCT secured Shanghai Metals as a major investor - a very difficult task to get companies of that stature involved with an Australian minnow.
There has been steady refinement of the Admiral Bay model and step by step, things are progressing. MCT is drilling Cobalt and Zinc - also secured the largest landholding in the Pilgangoora area, prospective for Lithium.
Remember that Admiral Bay is potentially the largest undeveloped zinc resource globally.
You can bet your bottom dollar that Matt and the team are determined to make AB a success.
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