Ann: Yerrida Cobalt Project Drilling to Commence, page-39

I think it’s more sensible to think that MCT ‘could’ go either way.

For those faithful currently accumulating from the nervous Nellies, backing up the truck etc, good luck to you. High risk/high reward, nothing wrong with that. 300%+ gains or 70% loss, if you can afford the punt, and a punt it is based on MCT’s exploration results to date, then go for it.

For those long term holders who’ve been diluted the crap out of, hold on. All is not lost and there will, surely, be better exit points than at the current SP at 52wk lows, surely?

I will however reiterate that my feelings are that MCT’s management costs are excessive for a jnr explorer. Roughly, a 50/50 split on management costs and exploration costs is not good enough. If/when management deliver on finding a mineable resource, Cobalt, Lithium or Zinc, then that’s when they should be rewarded, and rewarded handsomely, but being rewarded for spending SH’s capital without success is poor form. Just my opinion.