MAT 2.41% 8.5¢ matsa resources limited

my pick for 2010

  1. 963 Posts.
    lightbulb Created with Sketch. 9
    The oulook for MAT is as goood as any stock I own

    1. Relatively small number of shares on issue, giving it a low cap and a good chance of being a multibagger, just as soon as some good news flows.
    2. Production in 2010? Yes looks like it - maybe $20m maybe $40m. With healthly margins this cashflow will give MAT the money it needs to accelerate its exploration activities without further diluting the number of share on issue
    3. Rumour has it that the FML mil is now working. It may only be a few short days to wait befoe this the mill is handed over. Once this has occurred times will be set for toll treating MAT's ore. That donme it will be possible for MAT firm up is exploration time table.
    4. And with three exploration options to choose from, two of which are potentially 'company tranformers' the news should be thick and fast from the get go.

    Merry Christmas

    K
 
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