I agree GM. People are talking about the run up because of lithium, but I think the zinc resource was not fully understood and the share price rise is in line with the rising zinc price - much the same as many gold and copper stocks have done. When I first bought I thought the company was way undervalued and the lithium certainly attracted more interest. I think they are still undervalued based on the zinc only. AVB for example were valued at over 100million for years based on a copper resource of similar value. Admittedly they are starting open cut and for much less capex. Some said they would never mine though and they started this month. If we have a treasure chest underground with $10 billion dollars in it...someone will dig it up. That will happen with Admiral Bay (I truly believe) and when they announce how and who with, this stock will be valued much higher. So I invested assuming it will happen, and sit back to reap the rewards. Good luck to all.
MCT Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
