Selling now. Are you nuts???Well, I see the NR by the FN may have forced a few sellers into the market. Nice attempt by the one house by the way. My timing still sucks big time as I picked up a huge amount (for me) of shares last Fri, Mon and yesterday. I could have picked up a few thousand more shares had this selling taking place a few days ago. Oh well.
As for the value of the NR, I would rate it on my scale as a 1 out of 10. P.R. is P.R. and slinging arrows is of little value IMO. As far as I am aware, MTX holds the required licences to conduct the exploration work that they are conducting and on what I believe is Crown land.
If memory serves me correct, MTX mentioned in a NR earlier last year about the state of talks with FN. I believe to arrive at any agreement, both sides must give and take a little.
As an example, DeBeers is a company who is building a mine (Victor) and I believe that they have a certain level of economic benefit to the local FN. The FN should not be expecting similar benefits from an early stage exploration company.