Post by mattbighamon Apr 16, 2025 5:22pm
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Post# 36542132
Sprott,NEM and MMG mgmt. own 41% of the company
Sprott,NEM and MMG mgmt. own 41% of the company
They are all extremely wealthy and privy to the mineable potential of La Plata and Keno East.
NEM and MMG MGT. have participated in all the financings of the last two-three years while the SP has been range bound.
None of these entities have sold any of their shares during this period , that I am aware of.
The SP moved 100% in the week after announcing DH LAP22-04 - 816 m of continuos porphory mineralization.
MMG actually drilled 914m of continuously mineralized core from surface.
MMG drilled 1,730m in 2022 and LP's resource increased from their initial 43-101 count of 985 million pounds Cu Eq to 1.21 Billion pounds in their 2023 43-101 resource.
That's a 25% increase of 43-101 verified mineable metals with only two holes into Allard and that is without the addition of Au and PGE's !!!
Feb.28,2023 NR:
The precious metals component of LAP 22-04 (silver, gold, platinum and palladium) adds 50% in value above the copper only values.
The interval starting at 304.8 m returned 511.2 m at 0.51% CuEq (0.36% Cu, 2.83 g/t Ag, 0.275 g/t Au+PGE).
All of which brings us to the 2023 drill core that constitutes the 43-101 resource that is now imminent.
MMG drilled 4,530 m in 2023-3x the 2022 program drill core that increased the initial resource by 25%.
MMG stated that various metals in DH 22-04 yielded 50% additional mineralization to the copper count.
There's 3x the drill core in 2023 over the 2022 drill campaign that added 25% more copper equivelant metal.
Add in the Au and PGE's to this new count about to be released.
Anybody care to guess how large the new resource has become?
Does Allard have 50-100 million tonnes nearing the .75% Cu Eq count that Scott said NEM will go ahead with?
If not, has NEM strategised that the 2025 program of the four drill targets that they helped to prepare to be drilled could qualify the district as being economically viable ?
Does MMG have another copper major interested in taking a position if NEM balks?