What I've heard
We're in a window where we can expect the revised resource at La Plata,an update of drilling there and news from the alluvials and/or Keno as that DP concluded a month or more ago.
Technically,the company's share have broken out in anticipation of news and from it's deep undervaluation levels.
The company cannot say anything before news as that is forbidden but Scott has been very informative in the past with what we should expect.
Six months ago Scott was interviewed and stated that in regards to unlocking market value and minimising shareholder diution regarding Keno:
4:40 "Keno project-it is attracting interest ...monetise,potentially spin out-everything is on the table..."
At some point in time MMG divest themselves of Keno and forward LP. Shareholders might receive shares in a new company and/or parts of Keno are montised to say a Hecla in the west and/ or major junior at Keno East. Scott has referred to Discovery Silver in this regard in two interviews I have presented here.
There is also the inevitability of discovery when LP drill tests the other porphyry centers drill ready at La Plata.
When does that NR happen? Have they drill tested one or more of the initial three/four porphyry centers ,already?
Again,Scott in the same interview conducted six months ago:
11:00
Colorado's La Plata:
" We have identified three or four drill ready targets that we think will have similar results to what we have seen at La Plata."
That is a drill NR that substantiates the district-scale theory.
To sum it up? We are all awaiting news that transforms the company going forward. Whether that is news from NEM at LP or another major like Hecla or a major junior like Discovery,both at Keno, a restructuring of the company or it's drill discovery.
The company has been undervalued and without drill activity or company restructuring the sp has languished.
Even with this recent move the MCAP is now $60 million. As Scott said six months ago:
"Pre-pandemic,when we had not drilled a single hole at La Plata our share price was eighty cents for a while and a MCAP around $100m..
We have done nothing but been building resources and improving our prospects and adding tangible value to the company and it has not been recognised by the market...."
https://www.youtube.com/watch?v=dOof_wjOU-U
If the share price doubles here we are still 50% below what the company was valued at over four years ago -when the first DP at Keno had barely begun and over three years ago when MMG had one hole into La Plata in 2021.
In August of 2020 the price of MMG.V was $1.30 Canadian.
Four years of drilling,discovery,NEM,Schnabel, Hecla has passed...... The inevitable potential of asset divestiture/a company restructuring awaits and here we are at thirty cents Canadian.