This off MCT website AB inferred resource170Mt @ 7.5% ZnEq
In ground metal value USD$43B = Aussie $56,000,000,000.
That's not a fabrication. Sure it's inferred, cut it in half if you like still a good number.
Feas will ascertain mineability, engineering, met recovery etc = payable metal $$$
Dion you are 100% correct when you say that funding of drilling & engineering will take the risk out of that payable metal calculation, then MCT market cap will gradually reflect the expected NPV. Still a few years away no doubt but 4c will be a distant memory when the chart settles into that groove. Funding (always) required so a good MD must travel around and rattle the can, guild the lily a bit, paint the sky blue - that's his job. It's a tightrope with no net so give the bloke a break ffs. $20M raised from some of the current suitors is bugger all for them to secure feed conc/offtake, getting NA exposure will ratchet competitive tension with Asia so TSX move is a good call imho. Don't forget Napier Range either, shorter term MVT acquired pretty cheap, now the company isn't a one trick pony.
Show me a resource like AB with that much potential anywhere in the world! I want to see it. There aren't many...
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This off MCT website AB inferred resource 170Mt @ 7.5% ZnEq In...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.972M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $4.808K | 2.404M |
Buyers (Bids)
No. | Vol. | Price($) |
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50 | 132890536 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.2¢ | 2005931 | 3 |
View Market Depth
No. | Vol. | Price($) |
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50 | 132890536 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.002 | 2005931 | 3 |
0.003 | 84858423 | 60 |
0.004 | 13890286 | 10 |
0.005 | 7378000 | 10 |
0.006 | 19020175 | 14 |
Last trade - 10.04am 27/06/2024 (20 minute delay) ? |
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