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MT ISA METALS LIMITED (ASX:MET) - Ann: Nabanga Gold Prospect - New RC Drill Doubles, page-2 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
MET
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0.00% 39.0¢ mt isa metals limited

Ann: Nabanga Gold Prospect - New RC Drill Doubles, page-2

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  1. loki01
    10,469 Posts.
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    19/10/11
    17:02
    Post #: 9163099
    re: Ann: Nabanga Gold Prospect - New RC Drill... Maiden resource at Nbanga to be announced in March 2012. That should give MET a solid backing.

    I have confidence in MET to deliver so long as GFC2 does not overtake them.

    Still $13.1m in the kitty so it looks like they are conserving their cash well. I think they will focus on Nbanga for a while to avoid using up too much of their cash too soon.

    Once we have a 300-500k ounce resource they can go back to the market late next year and hopefully get more cash at a better share price.

    loki
    MET Price at posting: 33.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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