I suspect these drill results have been languishing in a bottom drawer somewhere and been re-rated by MTB now that there has been such a huge jump in rare earth prices. .
They've obviously applied for the Exclusive Prospecting Licences some time ago (August 2009) and npw that they've got documentation of the granting of the licence we have an announcement. They had relinquished the area from licence in 2007, according to the announcement.
I noticed that a couple of the directors had increased their holdings in March and June, and then the recent increase in activity I think indicated accumulation by someone in the know.
I'm no geologist and can't work out the numbers, but seems it's gotta be worth something!
MTB Price at posting:
2.3¢ Sentiment: LT Buy Disclosure: Held
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