Short Term Trading Easter Weekend Lounge 29 Mar - 3rd Apr, page-73

Thank you to all the STT contributors. This is my first post of STT but thought to myself its about time I contribute after getting multiple great tips from you guys.
I wont tip this in the comp, as its already been tipped but I think it needs some further airtime here.


MTC (metalstech ltd)
Shares on issue- 98 million
Share price- 20c
Market Cap- (fully diluted) $19.6 million
Top 20 - 70%
Management - 30%
Cash - approx. $3 mill (estimated $1mill at the end of the quarter with $1.8mill going into the bank this coming week from strategic Chinese investor BCC


MTC are a Lithium and Cobalt explorer in Canada (Quebec and Ontario) , they’ve been listed on the ASX for aprocx 12 months -aiming to be production ready by the end of 2019. With the Cobalt projects to be spun off to IPO on the ASX in May this year.


Lithium Projects consist of :


Cancet (100% owned)– MTC have completed phase 1 and phase2 drilling defining  high grade Li at surface or near surface with a target of 15-25Mt @1-1.5%Li20 with  key infrastructure(Power, Water, Main Highway) running through the project.Phase 3 starting in approx. 12 weeks.

Adina (100% owned)– Phase 1 drilling currently underway  with a Future aim to co-develop with the Cancet project. High grade channel sampling confirming Spodumene Bearing Pegmatites at surface.

Terre Des Montagnes(100% owned) – Borders Namaska Lithium(a $500 million MC  company listed on the TSX)

Wells Lacouciere(100%owned)- (I have not researched this project yet)

Kapiwak(100% owned)- VERY close to Galaxy Res. James Bay 22Mt @ 1.29%Li20(I haven’t researched this project yet)

Sirmac-Clapier- within 50km of Mobian project 14.25Mt @1.41% Li20 (Haven’t researched this project yet)



Cobalt projects consist of :


Bay lake(100% owned) with High grade sample assays up to 15.36%


Rusty Lake Cobalt-Silver Mine (option to acquire 100%-Cobalt, silver and Nickel) Located 70Kms from Bay Lake , With full access roads, This was an actual operating mine for a period (not sure exactly how long) and was initially Mining Silver.



The Key with these 2 x  Cobalt projects are that they will(providing its passed at the general Meeting this coming Friday) be spun out to IPO on the ASX in MAY under the company name “iCobalt”. With an undiluted MC of $9million.MTC will maintain an approx. 30% interest in iCobalt with 20 million shares and 10 million vendor options.
MTC shareholders have the priority offer to participate in the iCobalt IPO at a 5 to 1 basis. With up to a maximum of 250,000 shares and a minimum of 20,000 shares.


Near term Catalysts include but are not limited to :

- iCobalt Listing on ASX
-Adina project visual spodumene estimates
-Adina results
-Cancet phase 3 additional targets
-Cancet phase 3 drilling
-Potential new investments from strategic Chinese and North American partys

I could go on for another 50 paragraphs but I will leave it up to you guys to research further if you are interested.
The main issue with MTC is liquidity IMO.

Good luck to you all and keep up the good tips.