MAT

There was nothing very clever when I bought into MAT.  In an AZX investor presentation, it had the cheapest EV/OzAu value.  So I bought.  It isn't a brilliant strategy but it rarely results in a severe loss because of its value.  And if other investors notice it, or further good exploration results are announced, then the share price will fly.

But with MAT, it was pure luck when it comes to share price appreciating.  I can no longer have the opportunity to buy it cheaply due to nearology to SIR.  SIR was worth only a few cents until it discovered a huge nickel load.  Within a day of that announcement, investors were buying neighbouring tenements.  And MAT was the one in line...

Perhaps, I should have bought even after the initial appreciation because it has been rising a lot in the last week.  The management has shifted its attention to this tenement because someone has done the hard work of uncovering a mineral lode.  It just have to dig near to confirm its extension.  So far, the preliminary results are enticing.  74% up within 18 months, with more to come  :-)