There was a significant forest fire which caused the entire operation to be suspended for weeks. We are lucky it didn't take out the drilling rig and camp.
Also, we are three holes into a 10 hole, likely more campaign. Visuals give us an indication that its similar to Montviel which was already obvious. Assays should be also similar and from that, MTM will build out an initial MRE. Likely, this will be either late this year or early 2024. They'll then expand on this via a secondary drilling campaign to further depth, test additional zones or expand the boundaries. Again, all to build out a significant MRE.
Some results will be low, mostly mid and some high but everyone has to remember that this is still exploration. Nothing is given . We also wait to see what the Nb % is which visuals cannot help with.
We still also have East Laverton leach results coming through as well as numerous other projects. $5m MC with $2.5m in the bank gives us an EV of $2.5m for all projects. In my personal opinion, we are undervalued and MTM is oversold.
For me, I am LT positive on MTM and at these levels, will continue to add. GLTAH
MTM Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
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. We also wait to see what the Nb % is which visuals cannot help with.
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