jonas Mt Burgess have been around for some 26 years and are sitting on many great prospecting licences. They seem to have always had problems with cash but have survived. Pre GFC they were trading at 10 cents and nothing much has happend with prospects in the way of development. We are now at .9 cents. There has been a lot of interest from the Chinese with regard to copper in that area recently and maybe they will be approached to develop the copper play they have. From what I understand REE are expensive and time consuming to develop so this also maybe an area that could be farmed out. Zinc seems to be the area that should have the most resources put into it. There is a medium term shortage and it would be alot quicker to get up and running than the other projects. Some of the prospects have high grades of silver also and it will be interesting to see what they want to do with these. They still have diamond prospects although nothing much has been said about these lately. With all the quality prospects they have I am sure one way or the other they will get back to pre GFC prices in the medium term. The next year will be interesting!!
MTB Price at posting:
0.9¢ Sentiment: LT Buy Disclosure: Held
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