MTBJust read MTB's
2020 Audited financials - Pressed - March 25 2021 - Sedar.
Seems pretty clean - straight forward..
They own NO shares of - Decade.
But they do own shares of - Ascot Resources.
Now what did stand out in these MTB financials ?
PAGE 17 + 18
17 - mtb owed some exploration expenditures to decade
matters were cleared and decade also secured 1% smelter royalty
and also 35% smelter of which mtb owned.
What's happened since this 2019 red cliff - episode ?
Ha... both companies go elsewhere to - explore.
Decade - del Norte
Mountain - American Creek
Leaving the - red cliff -dormant.
Not good... might point to - indifferences.
18 - i find this page really interesting -
AUX comes into the picture - has the silver crown claims in which mtb gets involved.
From what i understand - each grab a parcel of land that flanks another parcel of
land that is not mentioned.
Now... form all the maps i've viewed - the former - Teuton map - showing silver crown claims
abutting the red cliff - east + west - - - -could these two silver crown claims be the
claims that surround - red cliff + Montrose ?
Ha.... good question.
So, if i were to speculate -
AUX + MTB - have the claims aside of the - Red Cliff + Montrose ?
AUX + SCOTTIE - didn't - these two juniors just team together under one name ?'
now owning signifcant lands around the Stewart area ?
Let's now bring forth - Decade and why they suddenly veered from Red Cliff...
And... let's ask why they chose to focus on the Del + Lord while leaving the Red CLiff
behind and without a resource ?
Not that i'm complaining about the Del Pino- and the recent discoveries - but....
The Red Cliff + Montrose will not render any value unless a resource is - calculated.
TURNING POINT ?
2019 was Decades turning point.
Almost reads as - decade was advancing the Red Cliff / Mpontrose - and as JV's are...
One junior flipping the bill then has to ask for - reimbursements from the other junior.
Both juniors are now working other claims...
DEC+ MTB both need to sit down and resolve the - Red Cliff + Montrose.
Otherwise - avoiding it during a bul lmarket injures both juniors and shareholders.
DEC could have collected shares over the years form its own - outstanding shares.
Like - 35% worth - in which could have facilitated a deal in which - allowe DEC full ownership under one brands name - dec - and have MTB as a silent ownership / percentage ownership.
Or.... split the claims -
MTB = Red Cliff - 500m strike
DEC = Montrose - 1500m stiek
kind of like - 65 % lands to one junior and 35% landss to the other junior.
Both owning 100% of something,.
Then... learn - run from jv's.
Or is it... right back into it - with Del....lol
Cheers...
Hopefully i've read and understood the - mtb sedar - files correctly.
If not - my apologies -please chime in ot correct.
Thanks ahead of time.