Get ready1 Sep 2020 20:09
Clearly positions are now being taken in MTR and why not. So much happening it’s only a matter of time before we start to see MM reach his first goal of £100m market cap.
Main catalyst of course is going to be SFR publishing a maiden resource for A4 which will give an initial value for the NSR - expecting it to be chunky - then we will see where Sandfire are targeting for further drilling and this further NSR value. I can see the A4 royalty being sold, possible to TRR and those funds being deployed.
Clearly the BoD are deploying capital left right and centre. Some will question why... its shows they are not resting on their laurels, using and leveraging the Sandfire equity to make even more gains, bravo. No wonder MTR are pricking a few ears. MMs deal making is incredibly shrewd, the latest is the Cobre/KML tie up which is a master stroke and totally overlooked. I fully expect Cobre to prove up their VHMS targets at Perrinvale and then with Kit-E so close to the T3 mine it’s fairly obvious what will happen. Why do you think Cobre have 51% of KML - controlling stake.
We are on the cusp of a precious and base metal bull market, some are saying the greatest ever and MTR are perfectly positioned to take full advantage.
Plenty of investors are here for the long haul expecting MTR to eventually be a fund of sorts. Strap yourselves in. GL.