The Brains Trust, page-15009

MAT's "small fish are sweet" strategy paying off this morning.A $5.5M profit from mining at Red Dog which is pretty good for junior with a MC of $25M ,add that to their current cash less debt gives me a new net cash position of around $8.5M so EV of around $16.5M .

 Importantly Matsa this morning said they have identified 2 more small stranded deposits on their ground which they plan to mine this year ...if they get net around $8M off those and with the restart of Red October next month produce 20,000 oz there this year with a margin of around $500/oz then by the end of the year they'll be sitting on a mountain of cash! 

 Further exploration success at Fortitude North is where the big gains will come from though in my thinking.Their decision to pay a small dividend to shareholders also sets them apart from other juniors