JJade. My impression is at present they do not have a resource to justify an independent mining operation. The grade is great, and shallow. But the hits are very narrow. Hopefully they will have wider intercepts at depth. At present appears to be a resource that would be a bolt on acquisition, to be mined and trucked to an existing plant.
The other thing that will be holding back the MCTs price. Is the the fact that NME's (holds 100% interest in the tenements, MCT can earn 51% via $5 million dollar spend, leaving NME with 49%) share price is at 8.6c. If MCT sits at 3c, NME should be at 18c. to have equivalent market caps. NME share price appears to be held back by deeply discounted private cap raise post initial results at 5.5c.
JJade. My impression is at present they do not have a resource...
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $8.971M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $3.137K | 1.550M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 48778279 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 49724846 | 55 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| MCT (ASX) Chart |