A lot of investors have bought in on the Admiral Bay Zinc play and the scoping study is due any day now. I posted on AB valuations under the MCT Undervalued thread and pre SS valuations are in excess of the SP now. Plus MCT also has $4.6 m cash and a host of other projects - Graphite, Nickel and Gold.
Market expecting some good things here which is likely days away so a lot will be holding for that. (Looking good with the Zinc price in uptrend and breaking 200 day MA). That could be a serious rerate in itself.
It is early days on the Li projects and the exploration work is just starting - remembering that under Miner's Rights there are tight requirements to what can be done. Apart from Stannum, MCT also has Greenbushes and Lake Cowan as very high prospective projects.
The exploration across the Li projects is a continual systemic process with lots of newsflow, so that is something to be mindful of for all investors. It is a question of being "on track".
this could be the best investment of 2016, page-113
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Mkt cap ! $9.392M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $1K | 500K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 116030649 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 29863575 | 21 |
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