BNR MAT PAN

re: Ann: Matsa Acquires Halls Creek Project I... Undaunted the...

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  1. john435
    11,111 Posts.
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    17/12/13
    18:45
    Post #: 12712201
    re: Ann: Matsa Acquires Halls Creek Project I... Undaunted the way I see it the exploration expenditure of around $3m would be spent by Matsa regardless of what percentage of the project they owned so I don't see how you can come up with a value of $5.8m.I think Matsa have picked up an attractive asset at very little cost to the company.
    MAT Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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