I have a good feeling about MTBThis company is truly trying to redeem itself. Rene Bernard, as is well known, has been buying on the open market incessantly--SEDI is nothing but a field of green. When you calculate his ownership the number is quite shocking: 27%. I think that Eric Sprott owns a considerable portion of the company also. The geologist has also bought more shares (the place where he sells them was actually a fat-finger mistake, intended to be a buy, which was subsequently rectified--Rene explained about it in the ceo.ca chat).
This company has seven stellar properties spanning over 600 square km. That's larger than Impact Silver, which is already notorious for having an enormous land-package, bigger than many countries in the U. N. All for a gutter $11 million market cap.
I suggest having a look at the grades from previous channel sampling in the news release today announcing that the BA VMS property is getting drilled; they are very impressive, especially the zinc. Apparently the American Creek drilling is also coming along well too.
https://ceo.ca/@newsfile/mountain-boy-minerals-to-begin-drilling-on-the-ba-silver-lead-zinc
Rene Bernard's posts on ceo.ca are well worth reading from the point of view that the company is trying its very best to redeem itself:
"I know it’s hard to follow a company which staked their reputation on last years drilling. Visuals of core looked most promising but results where a bust. As the largest shareholder I took a big hit. From the beginning of my investment I was sold on the merits of the Red Cliff BA/Surprise Creek and Silver Coin properties. We were sold out of our interest in Silver Coin when Jayden decided to sell the property to Ascot for what I believe less than its value. Over the last year we have added the Southmore property,an option on the large Telegraph creek multi element property and the Thea property which I personally staked and transferred to Mountain Boy @ cost. We got a crew of 7 in Stewart for the summer and a lot of work has gone already into exploring these properties. I have added lots of shares over the last months but I am now restricted buying more as I am close to the 20% threshold. I am still a believer (or fool) in the value of our properties and have faith in the geological staff doing good work"
https://ceo.ca/mtb?6900b0ad922a
"It is easy to be critical and cynical. Have you ever been involved in the exploration business ? It is not easy at best of times but the Golden Triangle is especially challenging. Immense competition for labour and equipment, adverse weather conditions. Most of last season switched between dense fog and heavy rainfall. Extreme elevations and lack of road infrastructure. Yet,it is undoubtedly one of the most mineral endowed area in the world. Every single one of our properties has the potential to host a future mine. There has been a tremendous time span where volcanic activity was present bringing up these minerals from deep down.The team on the ground has really been trying hard to explore and develop. If you ever happen to find yourself in Stewart I will arrange for you to view the drill core from 2020 and the high-grade intercept from 2012.The core looks virtually the same,yet one carried kilos of silver while the other was bare. The company is committed to give its present shareholders what is expected ,a active promotional presence to inform and from time to time solicit funds to advance and develop our portfolio of properties"
https://ceo.ca/mtb?4464dde029fc