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.
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