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MTB Metals Corp MBYMF


Primary Symbol: V.MTB

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

Comment by shawshank666on Aug 16, 2024 12:15pm
175 Views
Post# 36182786

RE:RBC

RE:RBCActually RBC sold 489,000 shares of MTB on Aug 14, not 600,000 as I said earlier. Anyway, let's hope they are done selling. Below is part of the shareholders update from the MTB website from July 2023. They talked about  Newmount taking over GT Gold's Saddle North deposit for $420 million or 40 times the value of MTB back then. Now that $420 million is 140 times the value of MTB. 

Discussions are underway with potential joint venture partners for other projects.

Our mission at MTB is crystal clear: Identify 1-2 substantial metal deposits, priming us for a potential takeover by a larger entity. Our blueprint for success echoes that of GT Gold's game-changing Saddle North deposit discovery, which led to a lucrative acquisition by Newmont, valued at a staggering $420 million - an enviable 40 times the current value of MTB.

The exceptional merits of the Telegraph project are being overlooked with the current dismal market conditions, compounded by the summer doldrums. Savy investors are well versed in the cyclic nature of the mining industry — and the way to make money is to work with the cycles: Buy low — at the bottom of cycles when no one else is paying attention, and sell high, when other investors are the most enthusiastic buyers. We are steadfast in our quest to attract investors who discern the monumental potential the Telegraph drilling program holds. We are certain that this venture will propel MTB into the limelight in the coming weeks.

Lawrence Roulston, CEO
July 7, 2023


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