MTB Metals Corp V.MTB

Alternate Symbol(s): MBYMF

Metals & Mining Industrial Metals & Minerals

MTB Metals Corp is a Canadian mineral exploration company. The Company has six active projects spanning 670 square kilometers (67,587 hectares) in the prolific Golden Triangle of northern British Columbia. Its projects include Telegraph, American Creek, Red Cliff, BA property, Theia and Southmore. The Telegraph project is located in the vicinity of four porphyry deposits being advanced by mining companies: Galore (Teck / Newmont), Schaft (Teck), Saddle (Newmont) and the operating Red Chris copper-gold mine (Newcrest / Imperial Metals). The American Creek project is centered on the historic Mountain Boy silver mine. The project is road accessible and 20 kilometers (km) from the deep-water port of Stewart. Red Cliff is a past producing gold and copper mine in which the Company holds a 35% interest. The BA property is a silver-lead-zinc mineralization located approximately four km from the highway. The Southmore is in the midst of some of the deposits in the Golden Triangle.

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MTB Metals Corp

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Post by tiengongon Jun 27, 2012 11:30am

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Post# 20059434

Red Cliff's potential net profit

Assays results from Red Cliff properties

June 8 2012
DDH No.	From (m)	To (m)	Width (m)	Au g/t
DDH-2012-MON-3	67.07	71.34	4.27	62.38

June 5 2012
DDH No.	From (m)	To (m)	Width (m)	Au g/t
DDH-2012-MON-1	66.16	69.82	3.65	12.8
DDH-2012-MON-2	53.96	55.49	1.52	2.06
and	63.11	64.63	1.52	2.17
DDH-2012-MON-3	67.07	71.34	4.27	8.4
DDH-2012-MON-4	72.47	73.17	0.7	7.54
and	104.57	106.1	1.52	2.9
DDH-2012-MON-5	72.56	73.93	1.37	2.26
and	75.61	78.35	2.74	1.26
DDH-2012-MON-6	77.13	81.71	4.57	3.04
DDH-2012-MON-7	73.93	82.32	8.38	4.66
and	91.62	92.68	1.07	6.13
and	100	100.41	4.1	7.62
DDH-2012-MON-8	96.95	98.48	1.52	1.02
Average	13	holes/intervals	=	4.76


March 5 2012
	From (m)	To (m)	Width (m)	Au g/t
DDH-MON-11-30	49.39	60.37	10.35	5.37
and	75.61	85.52	9.91	5.84
and	90.85	103.05	12.2	2.81
DDH-MON-11-39	96.95	103.05	6.1	6.76
and	112.8	115.24	2.44	2.37
and	121.34	124.39*	3.05	1.51
Average	6	holes/intervals	=	4.11

February 9 2012
No.	From (m)	To (m)	Width (m)	Au g/t
DDH-MON-11-20	23.78	27.13	3.35	3.33
and	48.17	51.22	3.05	3.16
and	142.68	145.73	3.05	3.25
DDH-MON-11-23	49.24	54.27	5.03	9.99
and	55.18	56.71	1.53	3.7
and	57.32	58.99	1.67	3.2
and	62.35	72.56	10.21	4.47
DDH-MON-11-28	102.9	104.88	1.98	12.26
and	112.2	125.91	13.71	7.91
and	150.91	153.81	3.05	4.42
Average	10	holes/intervals	=	4.92

November 23 2012
No.	From (m)	To (m)	Width (m)	Au g/t
DDH-MON-11-18	74.09	87.65	13.54	5.05
DDH-MON-11-19	23.63	25.61	2.02	67.4
and	72.67	82.01	9.14	3.97
DDH-MON-11-21	54.27	69.51	15.24	4.7
DDH-MON-11-22	53.66	67.84	14.18	18.01
DDH-MON-11-24	17.68	33.54	15.86	10.2
and	66.46	86.28	19.82	6.02
DDH-MON-11-27	96.49	100	3.51	9.3
and	102.9	133.54	30.64	14.6
Average	9	holes/intervals	=	14.91

October 11 2012
No.	From (m)	To (m)	Width (m)	Au g/t
DDH-MON-11-7	115.2	116.6	1.4	3.9
DDH-MON-11-8	126.8	134.9	8.1	8.08
DDH-MON-11-9	131.7	140.6	8.9	28.1
DDH-MON-11-10	83.5	86.4	2.9	2.7
DDH-MON-11-11	138.6	146	7.4	43.7
Average	5	holes/intervals	=	17.30

October 5 2012
	From (m)	To (m)	Width (m)	Au g/t
DDH-MON-11-1	162.8	164.02	1.21	2.21
and	167.07	172.01	3.81	3.24
DDH-MON-11-2	173.17	186.13	13	10.06
DDH-MON-11-5	147.1	156.71	9.3	4.46
DDH-MON-11-6	121.8	128.66	6.85	11.01
Average	5	holes/intervals	=	6.20

The average grade in the above 6 batches =
7.45	grams per tonne
or 0.22 ounce per tonne
or 0.22 million ounces per million tonne

Assuming Red Cliff's tonnage is at least 10 million tonnes
Then Red Cliff's gold resources is 2.2 million ounces
At gold price of $1,500/oz, maximum production cost of $1,000/oz and net profit of $500/oz
Net Profit will be 2.2 million ounces x $500/oz = US$1.1 billion
Mountain Boy's 35% share = US$1100 million = $385 million
or Net Earning of $2.43 per share at 158 million shares, fully diluted

The following website quotes Mountain Boy's reserves value as
12.3 million tonnes 0.912 gram/tonne gold with 330,000 ounce of gold reserves
Which is rediculously low compared to the data in the assays
Since the company has not yet released its NI 43-101 gold reserves estimate from
its feasibility study, the management should investigate the accuracy of those data
which may misleadingly reflect Mountain Boy's true worth

https://www.goldminerpulse.com/gold-chart-ore-value.php
Sym	Company	Mrkt Cap	Avg Gold	In Situ Au	Ore Value	PP%	MI%	I%
	Name	per Ounce	Grade

MTB	Mountain Boy Minerals Ltd.	$16.09	0.912 g/t	330,000	$54.60	0%	49%	51%

	Shares outstading		Closing Price		MTB Market Cap
June 26 2012	89,685,116	x	$ 0.050	=	$ 4,484,256


References:

Decade Resources website:
https://www.decaderesources.ca/s/News.asp