RE:RE:RE:Excellent news release MMG will respond to news,drilling and discovery.
The revised resource at LP is up next followed by the Keno drill program results.
What investors are waiting on is funding to drill multiple porphory targets at LP and verify the theory that LP is a district-scale system:
' La Plata has the potential to host a district-scale alkalic porphyry system with multiple porphyry centers, similar to the Alkalic systems at Cadia in Australia, and Red Chris and Galore Creek in the Golden Triangle of British Columbia '
Discussion of drill results April 16,2024
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Funding may come from a rerating of the SP resulting from the scale / economic viability of Allard / La Plata in the coming resource update NR in which gold and PGM's are tabulated.
Funds can come from a deal for whole or part of Keno.
Funds can come from NEM striking their warrants to expedite discovery and take a larger position in the company.
Funds can come from the company striking their own warrants on a SP revaluation bump.
Wherever the funds come from the next step will be to drill test the first three porphory centers that MMG have outlined :
Metallic Minerals Announces Drill Results and New Drill Targets at the La Plata Project, Colorado, USA
April 16, 2024
This work has identified significant drill-ready targets at Morningstar, Renegade, and Copper Hill, which may represent new porphyry center discoveries on the La Plata property. Follow up work is planned on at these targets in 2024 along with work to advance additional surface targets to a drill-ready stage.
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Once the district-scale viability of La Plata has been confirmed the market / SP should respond to the realisation / opportunity. Once the SP responds more drilling can be funded with less and less dilution and then we get into the cycle where there is constant drilling and news expected,discoveries and resources added on a continuous basis.
Getting closer.