TOP GOLD INTERCEPTS - ListingIt was nice to see MTS listed on Minedeck’s ‘Top Gold Intercepts’ watchlist for the week of November 25, 2022.
Our SP, along with many other juniors, has been and still is in the toilet – MC between $8-10M.
Presumably today’s actions are a result of MTS’ recent publication of Assay Results for part of its 2022 drilling – extending its previous discovery in its South Cliff area – I would expect the remaining outstanding assay results in early 2023 (not earlier, so as not to be lost in ‘Christmas Noise’).
2022 drilling was designed to begin to test the size and continuity of the South Cliff discovery; those published to date have been successful and are open for further expansion. The remaining yet to be reported 2022 assays will provide more data regarding the potential further enlargement of this find. Combined, these results should begin to show potential magnitude and perhaps rough value of the discovery – remembering that the immediate porphyry extends for ~2km, with further associated sites extending to total 7-10km.
If these results continue to prove out this discovery and it keeps expanding – and as more people begin to realize the real potential – we may finally begin to start seeing our SP/MC increase significantly (e.g. 4x’s still only gives us a MC of ~$40M).
Management continues to methodically progress this discovery, without extensive dilution – it is only a matter of time & results.
Obviously I am an optimist, but if I didn’t believe we have a real good chance of finding one, or more, major discoveries I wouldn’t be here – truth be told, I actually would be surprised if our SP isn’t eventually a ‘10 bagger’, or more – but recognize that will take some time.
I believe management’s methodical approach, coupled with their ownership positions and strong commitment not to waiver from good practices will deliver for all of us.
I expect more results probably fairly early in the New Year – I expect those buying today might be thinking that too – for whatever reason, I find that often the last set of results are the best.
IMHO DYODD