MTC 5.41% 19.5¢ metalstech limited

Great work @VatreniHR,The potential stumbling block to fully...

  1. 545 Posts.
    lightbulb Created with Sketch. 138
    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.

 
watchlist Created with Sketch. Add MTC (ASX) to my watchlist
(20min delay)
Last
19.5¢
Change
0.010(5.41%)
Mkt cap ! $36.84M
Open High Low Value Volume
19.5¢ 19.5¢ 19.5¢ $5.06K 25.95K

Buyers (Bids)

No. Vol. Price($)
1 50000 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 10040 1
View Market Depth
Last trade - 10.29am 30/04/2024 (20 minute delay) ?
Last
20.0¢
  Change
0.010 ( 7.82 %)
Open High Low Volume
19.5¢ 20.0¢ 19.5¢ 10550
Last updated 11.12am 30/04/2024 ?
MTC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.