MAT 0.00% 3.0¢ matsa resources limited

Well looking back and reading the trial mining study Matsa...

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    Well looking back and reading the trial mining study Matsa expects to recover 12,100 ounces of gold from these trial pits at an AISC of AUD$1,140/ oz .Given the current gold price is at AUD$1719.00/oz then Matsa should earn around $7M from this campaign .That represents a very healthy return on the investment they made in purchasing the Fortitude Project.Meanwhile current exploration at E1,BE2 and BE3 may prove further shallow resources amenable to a similar exercise.Importantly one might be confident there will be plenty of cash generated to enable Matsa to continue an aggressive exploration program around Lake Carey
 
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