GLAD TO HAVE JOINED THE GROUPBy way of background – with QEX now history, I have recently taken a position in MTS, as well as ‘dipping my little toe into GGI’. For now I have also maintained the SKE shares that were part of the QEX buy-out – I would have probably sold them if their SP hadn’t declined so much in the last while – now I’ll probably wait and see what happens when the FS is published.
Certainly these are tough times for most of the juniors, as well as the rest of the market for that matter.
Being relatively new to MTS, I’m hoping for some input from longer-term shareholders who have a more extensive knowledge of the Kirkham Property/targets, previous exploration results and 2022 exploration plans, and the management/exploration team (and their decisions).
First I’ll make a few comments about the fundamentals as I saw them, prior to investing – I look forward to your comments as to whether or not you think I’m on the right track, or whether I’ve missed anything significant.
Property – last year’s ZTEM survey of basically the whole property has provided a foundation on which to refine the exploration; it greatly enhances the chance of major success in the near term – especially with this year’s further drilling on the Cliff-Miles Porphyry Corridor
Finance & Shares – management has maintained significant ownership; AF (CEO) has provided strong leadership to ensure minimal share dilution over the years; almost unbelievable MC of only $10-12M, with only 50-60M shares out – if/when there is a major strike (2022?), potential for just as major increase to the SP
Technical Expertise – the last couple of years has seen AF add some very strong technical skill and leadership, with demonstrated success experience in the GT – Charlie Greig (ex-GT Gold….) and the recent appointment of one of his associates (ND) as our new Chief Geologist – their demonstrated knowledge, skills, and achievements just underscore the potential for early discovery
So, basically that’s why I invested – I mean, they seemed to begin to show last year that we have the minerals – if this year they can begin to prove it out – then I’ll be interested what that does to our $10-12M MC!
I look forward to hearing your thoughts.
IMHO DYODD