Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Metallic Minerals Corp V.MMG

Alternate Symbol(s):  MMNGF

Metallic Minerals Corp. is a Canada-based exploration and development stage company. The Company is focused on copper, silver, gold and other critical minerals in the La Plata mining district in Colorado, and silver and gold in the high-grade Keno Hill and Klondike districts of the Yukon. Its flagship Keno Silver project is a 100%-owned, brownfields property consisting of 171 square kilometers (km2) in the historic Keno Hill Silver District of Canada’s Yukon Territory. The La Plata project covers 44 km2 within the high-grade La Plata mining district located at the southwest end of the prolific Colorado Mineral Belt. The Company holds 100% interest in 26 miles (36.4 km2) of creek and bench mining rights along the Australia Creek drainage, in the Klondike gold district near Dawson City, Yukon. It owns 100% interest in mining rights consisting of 10 claims totaling one mile (1.6 kilometers) along a bench of Dominion Creek, in the Klondike gold district near Dawson City, Yukon.


TSXV:MMG - Post by User

Comment by mattbighamon Mar 21, 2024 9:48pm
136 Views
Post# 35946262

RE:RE:RE:Regarding "not getting too excited"

RE:RE:RE:Regarding "not getting too excited"
When a company's shares are so thinly traded there is also the upside to that illiquid scenario.

Look at the sp when MMG announced the 816m hole of .41 Cu Eq:

Feb 28, 2023

Metallic Minerals Intercepts 816 Meters of 0.41% CuEq, Ending in 3.53% CuEq Over Final 9.75 Meters in Newly Discovered High-Grade Zone at its La Plata Project, Colorado, USA

MMG's SP went from .24 CAD to .38 CAD in three trading sessions.
This next 2023 DP release will have four,fully mineralised holes (all four DH's deeper than the 816m monster hole)  and the PGM's and Au will be represented and counted for this NR and the total RC that is expected :

All four 2023 DP drill holes intersected porphyry style mineralization over their entire lengths with varying levels of visible copper sulphides and vein density:

LAP 23-08 1304m
LAP 23-07  965m
LAP 23-06  1350m
LAP 23-05   911m

It is fair to consider that Newmont are invested in MMG solely for La Plata and their initial investment is @ .40 CAD with .55 CAD warrants.

The share price should rise to reflect the evaluation and subsequent investment by Newmont on the  La Plata project ,alone.

The pending news+resource count on La Plata should be noteworthy when LP's total resource increased 25% primarily driven by the 816m hole. 
Four holes / 4530 meters of fully mineralised core to now tabulate while adding Au and PGM's to the resource count .  5.5 X the 816m core with the additions of Au and PGM's-all at deeper levels that have indicated higher grades.

Personally,I would like to see news of Newmont striking their warrants and a plan released to restructure MMG by dividing the projects into separate entities to attract interest into the company's projects and hopefully revaluate the assets more fairly/properly.

It's not really surprising that there were only 6,000 shares traded today given the pending news and share price of the company.
 
<< Previous
Bullboard Posts
Next >>