viewMetal Tiger PLC

Metal Tiger motivated as it moves into 2016

Chief exec Cameron Parry today said MTR's board knows that the firm must only pursue projects this year where upticks in value can translate into share price gains.

Metal Tiger recently agreed a JV with MOD Resources focused on copper & silver in the Kalahari desert

Mining investor Metal Tiger (LON:MTR) told investors today it will soon publish a full review, mapping out its plans for 2016 and strategy to capitalise on last year’s progress.

The firm - which as a direct projects unit along with an equities division - spent last year building a low cost, diverse portfolio of mining interests.

Undeterred by tough market conditions, MTR has been proactive in taking advantage of undervalued opportunities instead of simply waiting it out for a commodity price upturn.

Progress has been made building the  projects division, with JV agreements for gold/tungsten in Spain and gold/uranium in Tanzania; adding to the existing Thailand gold/antimony project.

Meanwhile, the firm has seen gains across its direct equities unit, which holds Ariana Resources (LON:AAU), Kibo Mining (LON:KIBO), Eurasia Mining (LON:EUA) and ECR Minerals (LON:ECR).

Most recently Metal Tiger agreed a new JV with MOD Resources (ASX:MOD) focused on copper and silver in the Kalahari Copper Belt, Botswana.

Today, chief exec Cameron Parry said MTR’s board is "keenly aware" that during 2016 the firm must only pursue projects where increases in underlying project value can translate into significant potential share price gains for shareholders.

“In this regard we are finalising a full strategic and operational review for release to market in due course.

“This announcement will articulate how we intend to capitalise on the success to date and move our business forward and will include a further positive restructuring in respect of future operational focus and business management.”

Shares in Metal Tiger currently trade at 0.95p, giving it a modest market cap of £3.9mln.

Quick facts: Metal Tiger PLC

Price: 22 GBX

Market: AIM
Market Cap: £33.49 m

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