Metallic Minerals Corp V.MMG

RE:RE:Indepth interview with Scott

[deet]

deet wrote:

mattbigham wrote:
Over an hour on all things MMG so I am not writing this one out.

Some headline grabbers:

2:41:55

The goal at La Plata is .5% -.75 % Cu Eq for a mineable operation ideally 50-100 million tonnes of 3/4%. Newmont would want to move forward with that.  We already have 147 m/t of .4% -raise the cutoFf grades is .5%- and we see the potential to get there.

2:54:15  "Since Newmont is only a 9.5% investor there is room to bring in another large investor or company. JV is not the best path for us. The other way is the monetization of the Keno Silver Project to defray dilution to our shareholders."

2:44:00 Talks Newmont partnership

"Deal tension. Sometimes you want to build deal tension. If you've got a world-class project like the La Plata project ....perhaps having someone else in there in a competitive sense to help drive value could be of value to our shareholders.I am not saying it can't be a JV with Newmont or a deal with someone else . There is optionality in the way we approach this and we are looking at all these options for our shareholders."

2 hours 59 minutes :Keno Silver-Potential Monetization Event

2024 - drilled Formo and tested an exploration target

"Looking at all the options. Look at monetization of the project ,and if that doesn't happen, then explore how to maximise exploration efforts to grow that resource."

Expand the resource at Keno or a buy-out first?

"I think it's possible and I think for us maybe preferable. We can't presume anything in regards to a buyout until there's an agreement or further discussions in that regard. There has been expressions of interest so we will pursue those and if the deal is right,perhaps we make the deal. If it's not then the next course of action is to continue to build resource.

3:16: 25

"The next layer is to move these things forward with low cash. There's a lot of optionality so a lot of ways we can approach it.
That could be another layer of news forthcoming over the next few months."

Wow...people are really chomping at the bit to pick up cheap shares for 19 cents. 850 shares...count 'em... have traded so far today.

Correction....with 30 minutes left before the closing bell....a grand total of 656 shares ($124 worth) have traded so far today. Dead in the water would be an understatement. Nobody cares anymore.