Matilda Porphery DiscoveryA good proxy is CNL at $4,85...$285 million market cap.
Its Porphery discovery is exhibited by long intercepts of about 1.3 gram per ton of gold equvakent grades.
Matilda exhibited similar drilling results with intersects in the 150 m range.
What is even more exciting about Matilda is the Matilda extension discovery which has the usual gold, copper, silver polymetalic content but with very high grades including gold.
The current thinking is that there is a cline of progressive increasing grades from Matilda towards Matilda Extensiion.
High grade Porphery systems are rare but all are highly sought and highly valued including CBL
If sustained by future drilling , the Matilda Porphery will command a premium price because of its grades and size.
This looks likely as high soil anomalies within a cross cross of many faults within the Matilda complex is very congruent with underlying magmatic lodes.
Its my hope that the Butia plus siblings gets bought out, leaving us with Matilda and about another dozen or so other advanced projects.
On the other hand, a total buyout would attract substantial rewards..