2018 a likely transformative year for Matsa, page-5

Its pretty fanciful to think tenements will deliver value for MAT holders in 2018, the fact is now they have started digging their SP will overwhelming be influenced by results of mining. We have already seen this with the great hits that the market cared little for. If 6m on the surface at 155g/t doesnt raise the price then no drill results are going to. Cant argue with that logic - and proof is its exactly whats just happened.

The trial mine has been going for over 5 months now, with no specifics. Here is something to ponder: They announced commencement of trial mining late july with some nice pics for shareholders to see what their money has been used for - very nice.

Then early Oct we hear the first parcel is delivered within spec, with a comment that first revenue will be received mid-Oct. Great, i would like this if i was holding.

Now heres the problem - 3 months later no more news from the mine, 2.5 months after the first payment was due to be received. I can guarantee if the first payment that was paid to MAT was close to projected or better it would be announced, thats what little start-up miners do - zero doubt here. There is no way this mine is performing to plan - companies simply do not report in this way when things are ticking along.