RE: Updates17 Feb 2017 12:35
I am still working my way through the various releases / numbers etc on MTL. I am not sure how far behind I am but a current glance
Production at 101,800 ounces p/a (which we should be ramping up towards now)?
low productions costs at approx 477 USD (old numbers so lets assume approx 550 USD ounce)
With gold at 1200 USD ounce leaves plenty of room for margin and we presently have a very low M/CAP. Other than the political uncertainty (which can weigh heavy on shares) unless I am missing something if release of good news comes out this has potential of some great gains as current P/E is very low.
If I have not yet caught up with the latest numbers on production etc please feel free to highlight in order for me to adjust my current numbers...