Investment Research – Matsa Resources Limited (ASX:MAT)
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Home Articles Research Reports

Investment Research – Matsa Resources Limited (ASX:MAT)

byThe Assay
1 year ago
Investment Research – Matsa Resources Limited (ASX:MAT)

Matsa has a gold Resource of 936Koz at 2.5g/t and is close to producing from the Devon gold mine and is finalising the mining and processing contracts and obtaining funding. Devon is small but material with cash flow likely to exceed the company’s current market capitalization, and a similar development model could be used for the company’s 100% owned Fortitude deposit. The forecast cash flow will strengthen the balance sheet and fund further exploration for Western Australian gold and drilling walk up targets in Thai lithium.

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