Hopefully we hear till end of month about results at Red October. German Brokerreport writer Hannes Huster recommended on Apr 2 to buy beyond 0,10 AUD, guessing the following I. Quarter outcome: Februar plus March at least 4000 tos each, more probably 5000 tos each. Total with known Jan result included: 14000-15000 to 1. Quarter, at 85% gold recovery rate and apr. 4 g/t gold = 3,5-4 Mio AUD in Sales Cashflow at a supposed margin of AUD 600 = 900000 - 960000 AUD. Let us compare that with the upcoming quarterly.
MAT Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
