RE: MTR the place to be6 Jun 2018 21:58
Good posts Bonks, todays news has not really been understood fully by market IMO, they clearly have an airborne survey as confirmed in RNS here:-
"Available datasets include high resolution airborne magnetic geophysics survey, soil geochemical sample data and results of 20-hole scout drilling with prospective intersections including 5.1m @ 0.69% Cu and 1.8m @ 1.80% Cu & 8.2g/t Ag."
As Bonks says those drills have been turning since mid May taking around 15 days to hit targeted depths, it would appear to me the company have after getting information back on these key target areas realised that this new prospect area has significant copper in addition.
We can mention 10 baggers but this has much more potential then that, realistically there is no downside from here with our existing find, add in a few more discoveries holding 30% of JV with MOD plus 6% of MOD, now we have 50% of further finds.
Add this news flow will be fast and frequent for months on drilling front and the associated resource upgrades etc etc, our new area could be up and drilling sooner then some think.
A ten bagger from here is less than �300 million market cap, the NPV of these assets could be many billion dollars, copper hits $4 or $5 over next 18 months we could be looking at a 30/40/50 bagger.
Added another half million shares into my SIPP today, sure some might trade this for a pip either way, for me this is a good solid investment that needs just leaving to reap serious rewards, just look at what happened at SXX, that is well over a billion market cap yet is many moons away from production.
Bargain of the year at 2's or 3's even 4's and 5's.