RE:RE:RE:RE:RE:MMA, we are ready for drilling and productionThe hard constraint with Zambia explorationb is drill season starts May 1st and ends December 30th. due to the monsoons. Of course this is influenced by mother nature with respect the monsoon duration and the ground drying.
The premimium property is Zone 22 which was reserved for FQM. FQM just signed a deal 7 days ago with another Zambia company. I suspect this recently announced business arrangement has delayed discussions with MMA and explains the recent dumping of MMA shares. Given the cash on hand in the treasury, two drills (diamond, RC) should have been deployed to Zone 22 on May 1st. If a deal is signed post May 1st with company FQM/BRK/RIO, they can take over the underway drill program.
This company's success is based on M&I, resource and reserve calculation which requires ... drum roll ... drill cores. In other words, thefailure of this investment should be based souly on crappy grades. Again, requires drill cores to determine the Cu/Au/Co grades.