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 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.

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MTB Metals Corp

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Comment by ama21968on Jan 05, 2011 7:43am

316 Views

Post# 17926166

RE: RE: MTB's Share Of The Silver Coin Project

Hey Art, Your calculation does not surprise me.. check out Halo, The one of four deposits which is JV with HBM --Lost and Cold : It has 1.27 Million oz sliver deposit.. Okay? Halo's MC is about 10 Million today, plus you have everything for free....

GLTA

---- Art posted :

Lets bring this calculation "down to earth"

The market today is paying around $50/oz for undeveloped deposit

So,

379,386.6 oz Au-Eq. x US$50 = US$18,969,330

When we discount ALL other MTB properties, that is:

US$18,969,330 / 77,596,366 = US
.24/share outstanding ~ CDN
.24/share outstanding

This should be the "real" takeover value. 24cents.

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