yes, I think you’re right. Everything they’ve done seems to point to a sale as probably being their strategy. 1m Oz AU Eq, is more than enough to get started. Particularly if going the concentrate route. Yet they’re still spending $ drilling like crazy and even opening a new drill chamber (IV). They want to show prospective buyers that there’s a lot more than the 1m Oz there. they’ve also been clever to show that they can do a bit of open cut, plus mainly underground, to bat away the previous locals issues with a big open cut and arsenic use.
obviously if they do get taken over, we will indeed see a much higher price. I would certainly be happy to support any such take over. If it doesn’t happen, I’ll probably look for an exit of my remaining shares after the scoping study and hopefully a significant increase in the resource with all that drilling. Good to hear results are coming in faster now.
cheers,
ned.
MTC Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
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