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Great to see SFR sink their teeth into T23 for the first time. MOD started there in 2016 ofc and revisited in Nov 2018 where they found encouraging mineralisation I'm sure everyone knows. That T4-T23 zone looks set to become a mine in its own right one day IMO. Another MTR two percenter! https://twitter.com/chrisjparrish/status/1524252198766530560
KS forever the upbeat pragmatist https://www.bloomberg.com/news/videos/2022-05-04/sandfire-resources-ceo-on-copper-outlook-video
Yes interesting re KML Illaquens. Makes good sense to me to derisk KML and use the Sprott contacts to find multibaggers rather than pour money down endless drill holes. The KML exploration became too academic in my view, and more about a geologist's enjoyment of systematic exploration for text books rather than targeting areas where quick success would reward shareholders. By that I mean why not first drill close to the area just south of T3 where allegedly they hit good copper when drilling a water borehole-instead of testing remote parts of Ngami & Okavango? I think I know what TG would have chosen. They did end up just south of T3 with encouraging results but too late in my view. Let someone else take the risk whilst MTR win on stocks like HVY and MAX etc. Hope any KML deal is a good one though.
Also I note that the SFR presentation contradicts Dale Burgess's alleged statement in Mining Review that the 4.5MW ball mill for A4 production will arrive last quarter 2023. Instead SFR clearly state it will arrive last quarter 2022. So plenty of time to get that up and running for A4 production tandem with T3 if they chose. I feel brighter about prospects today even though I'm always a believer in the Golden Bots Goose. Just need to get some of that paydirt into our own pockets...
Plenty of relevant news due on Weds night from SFR's Quarterly. Sat images have shown drilling continuing on the A4 SW extension, the 2 allowed holes on A1 surely hit as they were placed near the hole which hit 3.8% Cu NPF in 2018, also the strike length has widened to about 10km at T4. All these of course 2% NSR zones. SFR are working on prestripping T3 so they'll be off to a flying start and that $USD 2million won't take long to arrive in MTR's account. Bots has always been the Golden Goose for MTR . While we wait it would be good to see drilling success at Armada, find a way of monetising KML, and find some cracking investments . Frustrating to see the sp in the doldrums but fair trade winds could pick up at any time in my opinion.
Armada phase 1 Nyanga exploration of up to 3000m must be nearing its halfway point. With priority target Matchiti Central being included due to getting the permit I'm hoping they're on it already. Look forward to updates.
Meanwhile nteresting silence on KML. Wonder if they'll restructure the JV . The risk/reward equation a tricky one to get right.
Must say I prefer to focus on the ball rather than the man. Hydrogen is an excellent, clued up investor and for good reason sees the many positives in MTR's Golden Goose which is SFR, NSR and the KCB. I've been on board since PJ's MTR stock promotion in early 2016 where JH's + TG's excitement re Botswana was palpable. The only real challenge we're faced with is 'how long?' and not 'if' in my experience of MTR. The board do work hard I know for sure. They've had bad luck and the market has been been shelled by Covid and Putin's evil. It's too easy to blame the board. All my shares are down world wide.
Next steps for me are going through the SFR quarterly and getting updates on the Armada and KML JVs.
Re A4 production, It's logical that SFR use that resource from the outset in tandem with T3, but I've yet to see clear evidence that they will. SFR are playing a political game with MTR I'm sure, as they don't want to give away royalties and in my view would prefer to force MTR into a position where they can buy the NSR at discount, which won't happen. Dale Burgess states that the 4.5MW ball mill needed to bolt on to Motheo to process the extra 2Mtpa will arrive final quarter 2023. But then that can change and may just be gamesmanship.
Let's try to keep the posts factual and challenging rather than personal attacks? Plenty of possibilities to discuss and no shortage of potential. Stick to the science and we'll unravel the authentic facts between us.
Sandfire will do well in time of that I'm sure. It's a crazy time for the market and Oz investors never keen on investments outside of their country. The MATSA resource has high potential of volume increase once exploration starts. SFR not scared of a challenge. Meanwhile the MTR sp isn't 100% correlated to the SFR sp even though it's underpinned by the growing value of the NSR from Bots -from £3,838,000 y/e 2020 to £9,278,000 2021. Plenty more drill results to come from A4 while drilling on the T4 2% target shows high potential and exploration at high potential 2% target A1 Dome has finally started. Gabon nickel exploration and KML drill programme decision news soon. Reasons to be positive for the months ahead.
Christmas got in the way but I'm sure we'll hear about KML assays soon enough. Then they'll need to work out an appropriate drill programme on the back of the assays ofc. Meanwhile they have some very dense rainforest to wade through in Gabon to get to target areas. Fingers crossed for both projects.
Guys if you want to add to the ARV discussion forum on Hot Copper please do. There are a mix of old timers who had a rough time with the previous boards and tend to be cynical and those who see this Havieron nearology play as an exciting investment. Especially as the pre Xmas Apollo drilling is showing the same geology as in Havieron so far. The link is: https://hotcopper.com.au/asx/arv/ I have a decent chunk and have been following since early last year. The NCM/GGP Zipa and Havieron North results will be interesting if they ever release them, as the holes are very close to the Apollo Atlas boundary.
There is a hint of a rumour that KS may have bought up our obstinate farmer on A1 Dome. If so we're in for some interesting drill results which should add serious value to MTR's eventual 2% NSR there , if A1 is anything like A4, which all AEM suggested. Exciting!
Fingers crossed that A1 Dome drilling by SFR is finally underway. https://twitter.com/chrisjparrish/status/1492406169721257987
Ah yes. It was originally a Fierce post indeed. Apologies
Keith if I may chime in on ARV ( relevant to MTR ofc due to their holding). I've been invested in ARV and following for a while now. IMO it would make sense for NCM to pay fair value for the extra 5% and then buy out the rest of GGP, especially on the basis of the increasing size of discovery. Then, if ZIPA and Apollo results are good / aligned, NCM would be the buyers of ARV or at least a JV/farm in - the same way they began with GGP. Hope that makes sense!
Mmm. Hopefully a signal that we're building up to the end game.
MMc is obviously trading MTR. I know his sort----rinse and repeat merchant :)
I'm a firm believer in the stock market ebbs and flows and holding a few ASX and TSX stocks as well as AIM I can guarantee that we're in a full on ebb just now. So much uncertainty (Ukraine,inflation, Fed decisions, pandemic etc.) making investors panic, pull out and don tin hats. Makes one feel a tad grumpy, but no point in blaming the wrong targets.
MTR will deliver in time.
? That's twisting facts and an insinuating comment. A dishonest comment while helping no one who's genuinely interested in discussing the stock. If I make a substantial investment in a stock I'll do my best to research and monitor that investment.
Thanks Taylot. Just for the record, I'm not in or even close to the BOD. I've been invested in MTR for 6 years, have attended many meetings, often queried + challenged the BOD via emails and telephone, studied the main projects as best I could, discussed Bots with Terry Grammer ,Julian Hanna and Wes Hall way back when and have a good idea of how investing on AIM works.
The board have stuck it out and stuck together, after taking on a shaky business, still wrestling with how to best operate an unusual company that is in many ways out of place on AIM. It's a hybrid investment/collaborative explorer with much of its funding coming from the trading arm.
Markets are rough just now, MTR hasn't released any catalytic news as yet, but I'm aware the world of exploration doesn't wake up in January. February is usually better. Happy to discuss facts but don't wish to be stereotyped. One fact I agree with is that the share price is way too low just now.
Good timing Chestec. Markets having a rough start to the year but the maths will prevail. Wish I had the means to claw Bots exploration updates from dear Karl, but he's holding on as tight as can be. The combined FS for T3+A4 will one day show just how value is underpinned by the NSR. Then on top of that add KML progress. Gabon exploration, latest investments etc to the pot. Should cook nicely with yet more Patience and Endurance. The tide will turn. I may recommend one of the next drill targets be called Patience.
Hopefully towards a quicker return on new investment(s) ? . SFR slow but sure.
SFR a source of great income via the NSR anyway so MTR stays invested via that.
MTR still have a lot of SFR stock otherwise.
Also I'm hoping MTR are saving up for a comprehensive drill programme at Endurance to finally nail that bonanza KML copper discovery.