ShareProphets

The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


Join ShareProphets at less than 2p per article

> All the big AIM fraud exposés

> 300 articles and podcasts a month

> Hot share tips

> Original investigations by our experienced team

> No ads, no click-bait, no auto-play videos

Find out more

Metal Tiger – strong drilling results and near-term newsflow pipeline

By HotStockRockets | Monday 8 January 2018


Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Metal Tiger (MTR) has updated on drilling results from the project in the Kalahari Copper Belt, Botswana in which it has a 30% interest, including “highest grade intersection to date at T3 from latest and final batch of assay results”

This was 18 metres @ 4.3% Cu and 94g/t Ag from 146m, within 53.9m @ 2.0% Cu and 40g/t Ag from 129m. It was also emphasised that “significant widths of high-grade vein hosted copper and silver continue to be intersected within the wider resource drilling programme”, boding well for an expected mineral resource upgrade later this month.

It is also added that “the deeper intersections continue to support the prospect of an underground mining target below the planned T3 open pit” and that a “major phase 2 drilling programme resumes next week at T3 then expanding over the wider T3 Dome, with 8 drill rigs in operation”.

The latest positive news thus looks set to be followed with a good amount of further near-term newsflow – and the shares are currently slightly ahead above 2.25p.

This compares to circa 2p on our prior update – but we continue to look for further progress in Botswana and towards AIM IPO of the company’s Thai assets to spark the shares to return to 3p – and then beyond. Ahead of the further news flow, our current stance remains buy.

This article first appeared on HotStockRockets - to catch the next red hot share tip from the HotStockRockets team for just £5 click HERE


Filed under:


Never miss a story.




This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.


More on MTR


Comments

Comments are turned off for this article.


Site by Everywhen