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MTB Metals Corp V.MTB

Alternate Symbol(s):  MBYMF

MTB Metals Corp. is a Canadian mineral exploration company. The Company has six active projects spanning approximately 580 square kilometers 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.


TSXV:MTB - Post by User

Bullboard Posts
Post by Power1on Dec 17, 2010 6:27pm
235 Views
Post# 17864720

Insider Comments

Insider CommentsKasum name has similar trends on the insider transactions but Kruchowski doesn't seem to playing the option game yet. 

One item that scares me is the resolution on compensation options whereby the board can issue up to 20% of oustanding shares in compensation options.  Not a big deal with limited shares outstanding but with 100 million out.  A little more independence on the board would be comforting. 

Tax season cut off coming which should address the flow through issuance.  Provided the company doesn't engage in what I call silly financing activities MTB should be poised to move but we need stronger hands and deeper pockets to step in.  

Another junior I'm invested in is producing assays within 6 to 8 weeks of completion.  If there are 22 drills completed as stated in the news release results should start flowing.  Given the location of holes I am optimistic about further high grade intercepts but I'm anxious to see the drill plan.  One would think this would have been mapped before drilling to show past results and future drill holes.  

I'll keep picking at the bones as a $15 million market cap for a (now funded exploration company) with strong showing across multiple projects seems cheap.  This is not a one trick pony with exploration cost risk mitigation in place. 

Cheap,however, is all relative to management actions so I would prefer to gain some confidence in this team before I go real deep.    Still have to keep management on their toes though!

Insider name: Kruchkowski, Edward Richard
Insider's Relationship to Issuer: 4 - Director of Issuer
Ceased to be Insider: Not applicable
Security designation: Common Shares
364439 2004-06-23 2004-12-03 Direct Ownership :
00 - Opening Balance-Initial SEDI Report 172,219
587047 2005-11-01 2005-11-18 Direct Ownership :
10 - Acquisition or disposition in the public market +20,000 0.4500 192,219
670461 2006-02-07 2006-03-09 Direct Ownership :
51 - Exercise of options +170,000 0.3300 362,219
675854 2006-03-09 2006-03-16 Direct Ownership :
47 - Acquisition or disposition by gift -170,000 0.3300 192,219
675855 2006-03-15 2006-03-16 Direct Ownership :
10 - Acquisition or disposition in the public market +1,000 0.6100 193,219
793184 2006-09-05 2006-09-13 Direct Ownership :
10 - Acquisition or disposition in the public market +5,000 0.5400 198,219
793186 2006-09-06 2006-09-13 Direct Ownership :
10 - Acquisition or disposition in the public market +5,000 0.5400 203,219
813826 2006-10-03 2006-10-18 Direct Ownership :
10 - Acquisition or disposition in the public market +10,500 0.6200 213,719
813828 2006-10-03 2006-10-18 Direct Ownership :
10 - Acquisition or disposition in the public market +19,500 0.6100 233,219
882007 2007-01-09 2007-01-29 Direct Ownership :
10 - Acquisition or disposition in the public market -19,000 0.6400 214,219
882008 2007-01-26 2007-01-29 Direct Ownership :
10 - Acquisition or disposition in the public market -10,000 0.6800 204,219
901175 2007-02-13 2007-02-22 Direct Ownership :
10 - Acquisition or disposition in the public market -3,000 0.8200 201,219
901179 2007-02-19 2007-02-22 Direct Ownership :
10 - Acquisition or disposition in the public market -5,000 0.7300 196,219
901191 2007-02-19 2007-02-22 Direct Ownership :
10 - Acquisition or disposition in the public market -5,000 0.7400 191,219
1111033 2007-12-31 2008-01-03 Direct Ownership :
10 - Acquisition or disposition in the public market +4,000 0.3000 195,219
1111035 2007-12-31 2008-01-03 Direct Ownership :
10 - Acquisition or disposition in the public market +6,000 0.2950 201,219
1111039 2007-12-31 2008-01-03 Direct Ownership :
10 - Acquisition or disposition in the public market +2,000 0.2900 203,219
1117480 2008-01-04 2008-01-10 Direct Ownership :
10 - Acquisition or disposition in the public market +2,000 0.3100 205,219
1117482 2008-01-07 2008-01-10 Direct Ownership :
10 - Acquisition or disposition in the public market +1,000 0.3100 206,219
1131024 2008-01-28 2008-01-31 Direct Ownership :
10 - Acquisition or disposition in the public market +3,000 0.2500 209,219
1131025 2008-01-28 2008-01-31 Direct Ownership :
10 - Acquisition or disposition in the public market +1,000 0.2600 210,219
1139581 2008-01-31 2008-02-11 Direct Ownership :
10 - Acquisition or disposition in the public market +8,000 0.2550 218,219
1139583 2008-02-01 2008-02-11 Direct Ownership :
10 - Acquisition or disposition in the public market +500 0.2550 218,719
1139584 2008-02-05 2008-02-11 Direct Ownership :
10 - Acquisition or disposition in the public market +2,000 0.3200 220,719
1139588 2008-02-08 2008-02-11 Direct Ownership :
10 - Acquisition or disposition in the public market +1,500 0.3450 222,219
1203313 2008-05-09 2008-05-13 Direct Ownership :
10 - Acquisition or disposition in the public market +25,000 0.1550 247,219
1270997 2008-08-21 2008-09-03 Direct Ownership :
10 - Acquisition or disposition in the public market +10,000 0.1450 257,219
1270998 2008-08-21 2008-09-03 Direct Ownership :
10 - Acquisition or disposition in the public market +20,000 0.1400 277,219
1271003 2008-08-27 2008-09-03 Direct Ownership :
10 - Acquisition or disposition in the public market +2,000 0.1400 279,219
1271007 2008-08-28 2008-09-03 Direct Ownership :
10 - Acquisition or disposition in the public market +20,000 0.1400 299,219
1271412 2008-09-02 2008-09-03 Direct Ownership :
11 - Acquisition or disposition carried out privately +300,000 0.2000 599,219
1281165 2008-09-11 2008-09-18 Direct Ownership :
10 - Acquisition or disposition in the public market +2,000 0.1450 601,219
1281166 2008-09-12 2008-09-18 Direct Ownership :
10 - Acquisition or disposition in the public market +15,000 0.1400 616,219
1281167 2008-09-12 2008-09-18 Direct Ownership :
10 - Acquisition or disposition in the public market +20,000 0.1350 636,219
1281168 2008-09-12 2008-09-18 Direct Ownership :
10 - Acquisition or disposition in the public market +10,000 0.1400 646,219
1281170 2008-09-15 2008-09-18 Direct Ownership :
10 - Acquisition or disposition in the public market +2,000 0.1450 648,219
1293963 2008-09-23 2008-10-07 Direct Ownership :
10 - Acquisition or disposition in the public market +10,000 0.1400 658,219
1293979 2008-10-02 2008-10-07 Direct Ownership :
10 - Acquisition or disposition in the public market +10,000 0.1000 668,219
1488849 2009-09-18 2009-09-24 Direct Ownership :
10 - Acquisition or disposition in the public market -100,000 0.1800 568,219
1582775 2010-02-17 2010-02-23 Direct Ownership :
10 - Acquisition or disposition in the public market +201,000 0.1250 769,219
1582780 2010-02-22 2010-02-23 Direct Ownership :
10 - Acquisition or disposition in the public market +80,000 0.1250 849,219
1588162 2010-02-24 2010-03-04 Direct Ownership :
10 - Acquisition or disposition in the public market +15,000 0.1300 864,219
1588163 2010-02-25 2010-03-04 Direct Ownership :
10 - Acquisition or disposition in the public market +150,000 0.1250 1,014,219
1634549 2010-05-04 2010-05-13 Direct Ownership :
10 - Acquisition or disposition in the public market +33,500 0.1950 1,047,719
1634556 2010-05-05 2010-05-13 Direct Ownership :
10 - Acquisition or disposition in the public market +4,000 0.1900 1,051,719
1634566 2010-05-05 2010-05-13 Direct Ownership :
10 - Acquisition or disposition in the public market +5,200 0.1950 1,056,919
1640466 2010-05-13 2010-05-21 Direct Ownership :
10 - Acquisition or disposition in the public market +100,000 0.2100 1,156,919
1681594 2010-07-29 2010-08-09 Direct Ownership :
10 - Acquisition or disposition in the public market +20,000 0.1900 1,176,919
1695293 2010-08-31 2010-09-03 Direct Ownership :
51 - Exercise of options +100,000 0.1000 1,276,919

Bullboard Posts