FINALLY OPTIMIZUMIt’s nice to finally have some positive news to consider – and glad that in the interim FA has maintained strong control and avoided significant share dilution.
Unfortunately, the extreme malaise affecting all juniors over the last few years, coupled with very high exploration costs in the GT, had gotten MTS to the point where there seemed to be no good alternatives left. MTS’ MC dropped down to ~$2.5M!
We now have the Greyhound property+…. with its substantial proven prior gold/silver performance, as well as the associated largely unexplored land tract. Basically none of it has been explored using today’s far more advanced/effective standard technical processes. Its location, close to towns and amenities, makes it far less expensive to explore than in the GT.
We don’t yet know if our new property has an economic gold/silver resource, but we do know that it has been economically mined (good grades & volume) at least a couple of times, for a number of years, at 2-3 locations on our property – when the price of Gold/Silver was far less than today, and without today’s efficient exploration methods.
In short, a brownfield property that produced before and may be ready to again – a real bona fide exploration opportunity that may result in our finding one, or more, strong economic resources.
Today our MC is ~$5M - what do you think it will be this time next year – people are starting to buy!
I am an optimist, but I believe also a realist!
IMHO DYODD