Two schools of thought on this thread, and whereas I respect Xrays insight into the matter, I'm holding to my theory on the company for a bit longer.
They have come a long way and although they are late on the critical path, they are now a long way along the road. Nothing that has been announced has negativly impacted on the proposed feasability, its only been timing delays to date.
So what am I expecting next.....
- the December quarterly report (should be any day now & last year it caused quite a stir);
- some diamond core drilling results within the next month or so;
- results of the resource estimate (surely by March?);
- some fund rising;
- pre feasability by June/July;
- BFS by December
The proposal is for a very large open cast Zinc mine, low cost, low risk mining venture.
If it comes off, for a small company like MTB with a $16 million capitalisation, its big news...and over the next 12 months we should have some fundamental developments on the project...so its got to be one to look out for.
Other developments which must come out one of these days -
- the royalty streams from Red October;
- the JV on Telfer;
- diamonds in Namibia and
- some new prospects (they have to keep the pipline going)
I'm watching this company very carefully and I think I will extend my horizon beyond June this year.
DYOR
Add to My Watchlist
What is My Watchlist?
