MC Research Note
Conclusions from MC Research Note:
Whilst MTB remains an investment for risk taking investors who know their way around the junior mining sector, its projects are genuinely interesting, and in the case of Kihabe highly prospective also. Indeed Kihabe’s net present value on the basis of the recent scoping study is five times MTB’s current market value, and that calculation is based on metal prices significantly below present levels. Although the mining share market may be due a correction as we enter the northern hemisphere’s quiet summer period, it is not fanciful to forecast a further leg to the metals bull market as the traditionally strong late year period looms.If that proves to be the case it is also reasonable, on the basis of past mining sector booms, to expect an increasingly positive performance from the junior sector relative to the leading majors who have led the bull market so far. MTB’s quality exploration and development programme cannot be ignored forever.
