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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

Post by mattbighamon Apr 04, 2024 11:55pm
98 Views
Post# 35971918

MMG have to create their own momentum....

MMG have to create their own momentum....
...and break free of the manipulated precious metals price action.
Since LP is a copper resource with PGM's and PM's it is in a position to perform independently of the PM market gyrations.

La Plata seems to be unique in that it is a potentially very large resource that is ,as Dr. Enders (he of Newmont and Phelps-Dodge fame) notes:
"It is rare indeed today to find an outcropping porphyry copper deposit that has not yet been mined."

Which brings us back to MMG breaking up,out and on it's own-it has to be drilled - and continuously drilled - for years.
MMG need Newmont to take a larger stake and strike those warrants and then MMG have to cash in their own at higher levels to get the drill campaigns constantly in motion.

I am looking for the strategic avenues that MMG plan and announce to facilitate this project and company forward.
An elevated SP raises cash with less dilution and MMG can further Keno's assets Hecla would want and hopefully attract other companies to push Hecla's hand.

13c in Durango,Colorado as I type this out so no excuses about weather holding back the drill bit due to Yukon frozen tundra conditions.

Awaiting the  LP drill results,revised resource and MMG's plans to expedite exploration ASAP.


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