There are a couple of hurdles still in the way - Talking from memory here:
- Some native title claims need to be resolved - Permit for mining needs to be approved - Capital of $1m is required - POG is not exactly where is was in AUD terms from 6 months ago.
There is still the cloud of uncertainty. However, personally I do see things falling into place - as they have done since I bought into the stock in 2007.
To me the plan is a good one. Focus on Nth Scotia and then the mother Load at Mt Henry. It is big risk though - but great reward if it all comes together - such is the nature of spec stocks :)
MAT Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
