As I have stated in previous posts, PP is doing everything right at the helm of MAT and all he/we needed was a little luck. Now it is often stated that you create your own luck, and I guess if nouse and dogged perseverance are two of the attributes required to create your own luck, then PP has created his own luck for all of us to now enjoy.
News flow at MAT is about to begin apace and whoever sells tomorrow is a fool, IMHO. With drill results due in a few weeks, potential further positive interim drilling surprises and MAT’s imminent move to producer status (and the reports that will confirm this transition), MAT could well be trading with a dollar sign in front of it very quickly as it is rerated by the market and the value of its tenement holding at LC is unlocked.
Personally, I didn’t buy MAT to make 50% or 100% on my money; I bought it to make 500-1000%. Drill core like that pictured in today’s report is rarely an isolated event and if what is stated in the report that “This is the style of gold mineralisation described at the world class ~7 million oz. Granny Smith gold deposit 47km to the north which occurs in and along the margins of a granodiorite intrusion”.
is factually correct – and I have no reason to doubt the veracity of this statement; then a 10-bagger from current levels may be a conservative estimate.
MAT Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
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