Member Info for bonker99

Nobody claiming the 1m "sell"? ;)

Funny thing is that'll be at least the third time I've been accused of abandoning ship under 2p in the last six months and every time so far there's been an SP spike within a few days ;) No door knocking required here either ;)

OPPORTUNITY.

Nice spread - ya gorra lol - anyone would think they know something.

Well that didn't take long - funny old game ;)

Re THR - Tungsten is the headline grabber there but keep an eye on the Moly price - it's a possible "comer" with respect to challenging Cobalt's dominant position re EVs etc.

I picked up on another junior in the area today ($KMT), to the SW around our Olympus Mons-esque T20 dome, who I believe are drilling soon themselves so if they pick up on anything then it'll only heighten speculation as to just what lies beneath our mammoth acreage given Cupric Canyon's super grades/resource to the NE of us. I updated my Copper chart just now showing how it's on/bouncing from the rising and Golden Crossed weekly MA50 (a very key medium-long term technical indicator indeed) which is at $3 now - nothing guaranteed as ever but I wouldn't be surprised to see Copper twitching up again in the coming period and we know what that does to our PFS <$1.5 AISC NPV numbers.

There are few, if any, copper juniors as well funded, and then some, as MOD/MTR. Keen rather than desperate mate, as they should be, because the potential is obviously vast here with scores of further targets to drill, even ahead of the latest AEM survey results which are imminent, and, more to the point, the respective base case SP/mcaps at the current time look very solid indeed post-PFS. If they even hint at having found another T3 comparable deposit (and they'll be hitting T20 - twice the size of T3 - in the Summer) then this is going to go nuts and Sprott have �10m of warrants at 6p to throw into MTR's coffers should this play prove its worth at those price levels in the coming months. They don't have to take those warrants of course but that alone gives you some idea of where Rick Rule thinks this may end up should things turn out well for us. Those warrants being part of the deal he made with MM when he put in over �4m at 3p this time last year and he's no mug. Moreover, those additional T3 assays we've just received are actually better than the grades the recent PFS was based on so this looks compelling right now at tuppence imo and I expect a VERY solid resource upgrade in June with a bunch, if not most, of the reserves moving from inferred to indicated/measured which is as important for underpinning an SP/mcap as headline grades are for kicking off an SP/mcap spike as many will know. As for T-Rex - three holes don't mean anything. If we'd hit 3x 1.5% at 200m then you'd see the market react quicker for sure but that still wouldn't be proven resource off the back of just three holes, that takes scores of holes as most know. What does count is they hit a known formation which can only help guide their future drilling. Hitting economic/stellar grades at a decent depth is obviously the objective but that's the same for any drilling campaign. The jury's out on T-Rex but the more we drill, the more knowledge we attain with respect to what is under the ground and where it's most likely to be found going forward. BTW, T-Rex is just one (out of 20) current AEM targets within the huge T3 Dome. Most juniors have no resource and no money. We've got a very solid first resource booked (it's very clearly commercial already at anything like $3 copper) with what looks like a good resource upgrade to come and that's in the bank as is an enormous amount of money for an enormous amount of drilling to come in the weeks and months ahead plus 34 outstanding assays, wider T3 Dome drilling (imminent hopefully) and whatever else may crop up in the coming period. SP downside from tuppence looks very limited, if not non-existent, for the forseeable here and now but the potential upside is pick-a-number territory and you can't ask for more than that imo, especially in the current market conditions. I do also still think there's a viable risk of a lock-out on news from 2.anything here.

We updated the blog yesterday btw - I forgot to mention it - google "MTRBlog".

It appears that Sprott Global have issued a new note on MTR/MOD copper with a very encouraging analysis of the recent T-Rex assays with respect to being analogous to "giant sedimentary copper deposits" over the district scale region that we'll be drilling targets on soon. https://twitter.com/chrisjparrish/status/979805544373506048

Afternoon - Happy Easter everyone :) Interesting timing on that event - I didn't know Charles Hall had Hong Kong connections - MOD had a HK underwriter for the recent fundraising IIRC.

All sounds very positive - lorra swapsees going on right now, nice to see money changing hands in our space all over the place. We've got first dibs on something over there IIRC?

See if the next one is 10,000,000,000 lol

Someone change their mind? Ya gorra lol

Staring us in the face mate - I can't deny they'll try and push it to the max of course (and they are) to broaden it out a touch to reflect the delays we've had (past tense now hopefully) but y'know, you've also gotta look at the bigger picture here and buy the dailies with a view on the quarterlies imo.

Copy that. I've just stubbed me toe really badly ffs - that's gotta be a signal, right? :)

They're obviously going for a specific number print now mate - probably for a spread bet I shouldn't wonder ...

There was another buyout elsewhere in the past few days to which I've lost the link unfortunately but the gist was the same - big(ger) money is demonstrably looking to get heavily involved with quality/sizeable copper assets which has always been the mood music we'd hoped to see this year so it's got to be a tick in the right column from our perspective. We know this already of course because we've just seen MOD secure a whopping �10m in new money to expand the exploration yet further. I couldn't fit it in my last post but the other thing to throw into the mix here with respect to timing and the drag along tuppence we've had to endure is that the backdrop to all of this is that we've had a load of approval delays that's held up the drillling so far and I noted that the recent MOD news release said they were visiting Botswana to discuss/address that. Who knows what comes out of that meeting but MOD are loaded with cash right now and while Botswana is very highly rated indeed as a mining jurisdiction, it's still Africa and, well, perhaps those early June timescales we've just been given turn out to be a lot sooner than that following a "productive" meeting - there's always hope :)

Evening - if the troops are getting jittery or rattled then that's usually a good sign :) I'm not much bothered by who said what etc tbh. 162 and I put a ludicrous amount of effort into what we do and in the round I doubt that we've contributed significantly to people losing money over the past 6+ months which will be in direct contrast to most PIs experiences during that time period. All the more so following the recent market downturn but it is what it is and people throw stones to express their own frustration etc and we both know and accept that though that doesn't mean I/we have to continue to read it if we don't want to lol. This has always been about this tuppence mark in terms of grinding out the inevitable bottoming but of course we can't answer for the short-term moves, especially just prior to lift-off as the "market" has a habit of making things look as bad as they can just before they kick off a sustained rise as I'm sure we've all witnessed elsewhere. Given the amount of warrants taken at tuppence with the Chairman buying another 2m on-market over and above the warrants price at an average of 2.25p recently I struggle to put a negative slant on being able to fill your boots at around tuppence but that's just my view of course and, again, I have no idea how long this will last as for all I know this is the last buying opportunity around here right now or it could go on for a while. I've no better idea than you guys but tomorrow is the last trading day of the month/quarter and sometimes those date thresholds have a bearing on things too so who knows. What I think I do know though is that the recent assay results in Botswana look VERY encouraging in terms of shifting the needle towards the expansion case becoming the base case this year and further underpinning what a super opportunity this may turn out to be at the current price. I'm expecting a solid resource upgrade and a really meaningful shift of reserves from inferred > indicated > measured to boot which can be as pivotal for a share price as stellar new assays results can be because the risk profile starts to plummet on a really measureable basis, especially when viewed from the perspective of a big money player/buyer. We haven't had the type of news to send this on a vertical bagging run yet perhaps but I've seen nothing to make me think this will weaken further from here. Quite the contrary in fact, I think it's really firmed up the value proposition with us trading at a very small premium above deemed cash+liquid assets with basically nothing priced in for Botswana Copper progress or any of the other SP-moving items on the radar, both known and unknown, at this time. I'm still bullish here, more so in fact, and have taken another 1/2m in the past couple of days - whether that proves to be the "right" thing to do over whatever timescale only time will tell.

About the same as everyone else's by the look of it mate ;)