OMG!!! The lovegod was just in the middle of knocking the top off one to try and settle me down this fine morning , when i just realized something else to tell you !
When Chifeng made there $3,000,000 @ 40c investment into MTC, not only was the Gold price much lower at $1,850 BUT the resource was only 1.5 million ounces !! today it's almost Double that at 2.7 million ounces !!
OMG !!! Plus it's just got the underground mining permit !!
So put it all together, almost DOUBLE Gold price, almost DOUBLE resource, plus underground mining permit gives us +65c MINNIMUM !
But wait there is more !!
Chifeng also know that there is much more Gold to be drilled at Sturec..
In Fact, they know precisely how much more and even higher grade !
Another 2 -5 million ounces would give us a monster 5-7 million ounces total and +30 year mine life !
And never forget, spending US$100 million , or bidding 84c per share, is Chicken feed for Chifeng to spend... In fact they would spend that on toilet paper a year !
MTC Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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The lovegod was just in the middle of knocking the top off one to try and settle me down this fine morning , when i just realized something else to tell you !
(20min delay)