MMA sitting on about $3,000,000 CDN$and Rio Tinto, a major is drilling our project next door to T.FMs' existing infastructure.
So MMA, raised just over a $ 1Million CDN$ in May, and has received $700,000 USD$ for the initial part of the project from Rio Tinto. The Stage 1, gives us another payment, this one being $1,000,000 USD$ and Rio Tinto spinning the drills with $15,000,000 USD$ in expenditures to earn 51% of Solewezi.
T.FM, will be watching the whole time as their large mine, not sure of the name or spelling is quickly running outta ore to process....makes us easy prey, but at the same time a natural for a buyout.
So $3 Million CDN$ in the treasury of MMA, Rio Tinto is footing the exploration costs $15 Million this stage 1 and we have a measely mkt cap of $25 Million on on 500 square km project, little downside, huge potential in Monster Copper country, plus Copper prices are rising just as we need interest.
DYODD, disclosure: I hold MMA shares.