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MetalCorp Limited (MTC.V)
TSXV - TSXV Real Time Price. Currency in CAD
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As i read it, they increase their value of 3,7M$ which makes around +3.08C per share. With the joint venture value with Barrick, we can add another cent (subjective - 1M$ i estimate). Owners bought at 3 C a month ago so I guess this should float around 6-8C in the next few weeks.
The structure of the Barrick deal is set up very nicely for MTC.
Taking for granted that the drills Barrick are doing via Barimco (anyone here know anyone there?) in the Hemlo East property are good, and show a viable mine: Any chance they take another route and forgo the JV, simply getting bought out completely or just selling the property to Barrick?
Anyone seen this play out before with other miners? What typically happens if the vein continues through the MTC property and they strike well? Very interested to watch this one, Barrick seems to like it too.
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