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:
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.