MET 0.00% 39.0¢ mt isa metals limited

In a market like the current one (highly jittery) and on a bum...

  1. 7,435 Posts.
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    In a market like the current one (highly jittery) and on a bum day such as today any good news from anyone was going to be pretty much ignored. It would have been better if the company had sat on it and waited for a positive day to release it, or at least put it out late this afternoon so the marker would have shown up tomorrow as well. Nevertheless it was good news and bodes well towards a healthy initial resource estimate next year.

    As for first production, that is surely some years off, after much more drilling, successful feasibility studies, finance raising and construction time. Ampella (AMX) is still a long way from production, and they're a couple of years ahead of MET. However, this won't stop the SP from rising significantly if drilling keeps confirming high grade intercepts. I would say that early next year, given a sound market generally, and after further good assays and the initial resource estimate the SP will top $1. AMX and GRY's charts show the typical trajectory of a successful Burkina Faso explorer - and Nabanga looks top drawer.
 
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Currently unlisted public company.

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