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Re: MTN - Marathon Resources
Anyone taking up the offer to buy Pheonix Copper? I'm still looking into the tenaments but so far it looks like a nice parcel of land MTN is relinquishing in the Burra region of SA. No money in return but I guess they don't need any in the immediate future with their last cap raising completed not too long ago. What they get in return for EL3164 is 750k shares and 750k options so one can only hope they are confident this new company won't tank soon after launch.
The other tenaments Phenix Copper will have in the Burra region look interesting (old copper mines + close to infrastructure) but is also very close to a town. Some parts are also unavailable to further exploration.
Anyone taking up the offer to buy Pheonix Copper? I'm still looking into the tenaments but so far it looks like a nice parcel of land MTN is relinquishing in the Burra region of SA. No money in return but I guess they don't need any in the immediate future with their last cap raising completed not too long ago. What they get in return for EL3164 is 750k shares and 750k options so one can only hope they are confident this new company won't tank soon after launch.
The other tenaments Phenix Copper will have in the Burra region look interesting (old copper mines + close to infrastructure) but is also very close to a town. Some parts are also unavailable to further exploration.