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MultiMetaVerse Holdings Limited V.MMV


Primary Symbol: MMV

MultiMetaVerse Holdings Limited is a holding company principally engaged in the animation and entertainment industry. The Company conducts its business primarily through subsidiaries, including Shanghai Mi Ting Culture and Creative Co Ltd and its subsidiaries Shanghai Ling Xu Technology and Beijing Mi Ting Technology Co Ltd. The Company primarily develops and publishes animations, mobile games, and other contents offerings such as anime merchandise, and also provides animation production services to other animation and gaming companies.


NDAQ:MMV - Post by User

Comment by flash338on Jun 16, 2020 8:13pm
245 Views
Post# 31158037

RE:RE:RE:RE:News Blackout??

RE:RE:RE:RE:News Blackout??You guys realize they will never prove up a 10+ million ounce resource. It may or may not be there in the ground. For this train of thought, let's just say there is 10m oz down there a kilometer in the ground waiting to be found. On the cheap side of drilling, we are looking at 2 to 3 hundred dollars a meter. Your guess is as good as mine as to how much they are spending, but it seems to be at least twice that if you look at how many meters we got out of the last PP. I'm sure not all that money went to drilling. Let's say they close the next PP soon and we see a good hit later this summer or early fall. It's going to take a hell of a lot of money for each step out and it's going to take many step outs to get even an initial resource. Continuing on with the thought experiment, let's say they then partner with a larger miner to fund drilling at this point. Many 10's of thousands of meters later they may define a 2-3 million ounce resource that is now 25-50% MMV's. So just let's say at this point MMV has 2 million oz to their name and some decent chance of adding to it. GPG has a bit under a million oz resource and has a market cap under 20m. HIGH has about the same and is going for something like 60m to give some context. Both have a good chance of finding more. Alright, back on track. MMV's partner is unlikely to drill out the whole deposit. Rather, after finding a few million oz will likely move towards development and drill out the deposit as they mine. That's why I say they will never have a 10m ounce resource. 20 plus years from now they may look back and say wow, we got 10m ounces out of this thing and that is if they mine close to a million oz a year because it's going to take many years to get into production. I'm not bashing here. I just have read a lot of posts from guys that are likely unfamiliar with how mining and this sector works. A couple of good holes and a snap of the finger is not going to get MMV 40m oz. At this point, MMV is not an investment. It's a speculation or a trade. Yes, a decent speculation but who ever buys in the next PP is not doing it for what ever percent of 40m oz that would go to MMV. They will do it because they can sell those shares at a higher price to guys like us.
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