What he meant was they have to actually find “stuff” before they really start paying for the tenements in particular. From memory the newly acquired land did have something in that announcement - I could be wrong though? I didn’t have the announcement in front of me.
But they’re still confident the land they did acquire will be good for MTC. By the sounds it’ll be a three pronged drilling campaign, and the drilling contracts are signed, just waiting for the govt tick box to happen.
He’s also said for Management they’re closely aligned to the stock doing well too.
The tax rebate will come through, its lodged again waiting for the govt tick box to happen. He’s also said the rebates for exploration in Canada are quite generous, so whilst the drilling might cost $X the rebates are in the vicinity of 30-40%.....
MTC Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
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