#MTR news due?

Metal Tiger share price is drifting, whilst we await news about the Thai IPO and news from Botswana.

What we know is significant news will land soon.


You only have to look at the significant number of consultants who MTR have engaged to progress the Thai IPO including:

Barr Consultants – Mine Plan for permitting submission and Tailings Dam stability Assessment.
GWRC – Hydrogeology Study
IEM – Environmental Plan and Second Baseline Study
5 Corners – Economic Study for permitting submission

Other consultants to appoint according to the RNS dated 11th January being:

  • Underground Air Quality Assessment and Stability Assessment
  • Tailings Geochemistry
  • Resource re-calculation
  • Updated AIM Standard compliant Preliminary Economic Assessment


Inclement weather delayed progress early January. Since then however drilling progress has continued and we now await data from the MOD team.

Good results are expected. One of the drillers posted six photos of a section of core indicating visible copper. Why would he bother to take 6 photos of this section of core?


This isn’t a one-off. The following photo taken on the 3rd February indicates a recent core with visible copper. We will probably have to wait 3-4 weeks before the analysis of this core is released to the market.


The next batch of analysis results released by MOD Resources are going to be interesting.




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