MM major news they have entered an agreement with with MX Gold Corp. to purchase MXG’s 50% net profit interest on gross cash income from the MAX Mine and Mill Project.
CEO of MM stated this “dramatically increases the theoretical prospects of economic extraction on the project. Without this encumbrance, Metallica Metals believes that the MAX Project is a highly valuable asset and has become significantly more marketable.”
Been following MM for a while and with 5 precious metals properties across Canada, great support from German side, + now this agreement I could see it getting up from current support levels in the high $.20s.
Will be keeping a close eye on this one to load more.