Great work @VatreniHR, The potential stumbling block to fully validating your conclusions is the approvals for the mining plan. Ortac had approval of their small scale underground operation but that excluded leach treatment. (Not sure but this may have prompted their willingness to sell the project). Mining Tech obtained approvals for further exploration and propose thiosulphate-based gold recovery which excludes Cyanide use. So one may assume that approval of the expansion may be forthcoming but, as elsewhere, the approval processes are fragile and can be sidelined by emotion and uncertainty leading to fear of making a decision for perceived political consequences. I have not seen or missed any estimation of the time scale for this approval, so I have decided to just wait and see. No advice, just my thoughts.
MTC Price at posting:
15.5¢ Sentiment: None Disclosure: Held
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