Metal Tiger Share Discussion Threads

[paleje] 26/9/2016 17:31

Thanks to banjomick on LSE:-

In double-quick time the T3 copper prospect in north eastern Botswana has gone from grass roots exploration to real development opportunity.

The T3 deposit was only discovered in March but already its owners - joint venture partners MOD Resources (ASX:MOD) and Metal Tiger PLC (LON:MTR) - have been able to prove up a resource of 350,000 tonnes of copper, more than half of it in the indicated category.

What’s more, there is a high grade core of 8.6 mln tonnes of ore grading 2.16% copper and 30.6 grams silver per tonne.

And there could be more to come. The resource remains open down dip and along strike, and the drill rigs are currently turning with a view to adding more resource before too long.

Meanwhile, an open pit mining scoping study is due in December. Already there are clear indications of the thinking of the partners.

“If the deposit is mined the central core of high-grade vein hosted mineralisation may provide an opportunity for early payback of capital,” Metal Tiger said in an update to market.

“The high silver content should provide significant concentrate credits.”

That will be music to the ears of mining investors with shorter-term horizons. But in the long-term what may turn out to be more interesting will be the results of the current drilling.

At 350,000 tonnes, T3 is already making some impact on the global scale. At one end, long-standing London copper miner, Atalaya Mining, is now fully operational on a smaller reserve and resource base.

But on the other hand, the largest undeveloped copper project in the world, which is widely thought to be the Udokan copper project in the Zabaikal region of Russia, boasts 16 mln tonnes of copper in contained reserves alone, never mind the resource.

How far MOD and Metal Tiger can move T3 away from comparisons to the smaller Atalaya resource and up towards the size of Udokan remains to be seen.

It’s worth noting that the combined reserves and resources of BCL, the state copper mining company at Botswana, are nearer in scale to T3, than to Udokan.

That’s no surprise given the shared geological setting, but it does mean that when it comes to development, T3 could end up as a big hitter in the Botswana copper mining scene.

However, further north, in the famous Copper Belt, the mines move into another league.

The KOV mine, held by Katanga has produced over 2 mln tonnes of copper over many decades of production, while the Tenke Fungurume mine held jointly by Lundin and Freeport (NYSE:FCX), holds a contained copper resource base of 3.8 mln tonnes.

Freeport has just inked a deal to sell its 80% stake in Tenke Fungurume to a Chinese company for US$2.65 bn in cash.

It’s quite some world to be moving into.

[paleje] 26/9/2016 15:45

The Aussies seemed reasonably happy with the RNS, didn't do much for the share price but the chat on hot copper was fairly positive. For a first resource estimate, with 64% indicated on only one small part of the whole, it seemed about what those with mining experience were expecting, a good positive start but only scratched the surface so far.

For MTR it's a very small percentage of their total assets, plenty of other irons in the fire and newsflow to come. Not sure why it should drop under 2 pence, more likely to go the other way I would have thought.

[nerdofsteel] 26/9/2016 15:21

I'll be buying again sub 2 pence

[manics] 26/9/2016 14:51

Like Shirley said "it's all just a little bit of history repeating".

JORC "compliant"
"indicated"
"..any one of the current projects"

Nothing ever comes of it. Market response suggests Paul's model just isn't effective now imo. PI's wiser as the message and teachings from ECR (as a Johnson example) penetrate and spread.

...as it is right and proper that they do so. Twitter interviews being sold as 'corporate transparency' when they are but sales pitches imo. Selling shares. To PI's. Spinning the story. Paul imo thought he could press rewind and play us the same tune all over again.

"Down. Down. Down. Down. Down. Wooo."

[uknighted] 26/9/2016 11:43

Issuing shares like confetti!

[dailylarma] 26/9/2016 09:02

DumpageMarket doesn't like this one

[daddy warbucks] 26/9/2016 08:16

Thanks uknighted.

[uknighted] 26/9/2016 08:14

JORC compliant maiden mineral resource estimate - per the RNS.

[daddy warbucks] 26/9/2016 08:10

Is this a JORC (or equivalent) estimate or an in house resource estimate?

[manics] 25/9/2016 13:47

Just listen to these two chancers joking away. I just can't believe anyone is taking any of this seriously -Paul Johnson himself coming across blithe, flippant and hollow.https://twitter.com/ABMckinley/status/779322809902305280?s=09Somewhere out there there's a PI base keeping these wise guys in muck. Now that is black comedy...

[gaaston] 23/9/2016 21:26

as we used to say "expect you're a billionaire in buttons" . . . let's see who laughs last! at one time I had more stock than the ceo but he has since gone on ahead of me :)

[billionaire1] 23/9/2016 17:54

sound for oblivion

[someuwin] 23/9/2016 15:17

Last chances to buy before Botswana maiden JORC news on Monday.

[frost1] 23/9/2016 13:00

Mayo for Sam.

[gaaston] 22/9/2016 20:46

you're doing fine with all the posts n' pics, Someuwin, much appreciated.

[gaaston] 22/9/2016 20:46

apols for double click and nothing more to say

[someuwin] 22/9/2016 11:56

Andrew Neal ‏@andrew_neal7 · 43 minutes ago

#MTR #MOD Maiden JORC after only 5 months is incredible + scoping study has begun + PFS prep + open mine testing + major Tom watching

[someuwin] 22/9/2016 11:05

MOD Resources in trading halt on ASX. Can still buy MTR though.

chrisjparrish ‏@chrisjparrish · 3 hours ago

#MTR #Botswana Kalahari #Copper # Silver JV. #MOD request a Trading Halt prior to the imminent release of the maiden JORC.Just the beginning

[someuwin] 22/9/2016 10:49

Ticking up today. Some of the reasons why are in the above podcast. (especially if you read between the lines!)

[uknighted] 22/9/2016 08:22

MTR purchase a further 6m shares in GGP.

[someuwin] 21/9/2016 20:20

Good podcast

"MiningMaven Podcast No 46 with Paul Johnson CEO of Metal Tiger #MTR #MOD + Market Sentiment!..."

[someuwin] 20/9/2016 18:00

Interim results will be out on 30th Sept.

[plasybryn] 20/9/2016 17:53

Weren't results due today?

[manics] 20/9/2016 08:57

Paul Johnson's -Get Down


"Down. Down. Down. Down. Down. (Wooo)"
Bab bab ba-dab bab bab ba-dab