Metallic Minerals Corp V.MMG

LETS BECOME A BIT ANALYTICAL SHALL WE...

[jimdines1234567]

Ok. Here we go!

As we continue to wait for the last and pathetically late drill results

After reviewing the past two years of exploration expenditures here is what the data suggests. 

Metallic Minerals-
 
*2020 Exploration Expenses $4,352,085- 5318 METERS DRILLED=$818.00 PER METER

*2021 $3299,136- 6200 METERS DRILLED=$532 PER METER

Interestingly, I then have compared a company that Greg was the former CEO of  South American Silver which was renamed after the Bolivian debacle (something that is missing from the past success  stories found in all the corporate dog and pony shows , I meant corporate presentations... ) Tri- Metals and then after acquiring Gold Springs became Gold Springs Resources: GRC/GRCAF 

Gold Springs has been run extremely lean with a very sharp eye on expenses and salaries etc. By the way they currently have two employees. This company has been about financially as prudent as possible. So here goes an apples to apples comparison that is as close as possible from the data that I have on both companies.
 
Gold Springs

2021 $3,390,448- 18,076 Meters drilled=$188 per meter

The next two years 2022/2023 $20,000,030- 101,200 Meters to be drilled =$198 per meter.

Please see the table below that outlines what GRC recommends & plans to do over the next two years, that is if they are not taken out by a producer by then. The odds are that GRC will be bought within the next two years TOPS!

Over the past year- MMG share price has declined by approx. 67%. While GRC has appreciated by more than 50%.


Clearly, you can see how SILLY the Metallic Minerals costs per meter are when compared to the Gold Springs costs.


I urge you to review the stark difference in transparency and competence between the two companies by simply comparing the recent Sedar MD&A DISCUSSIONS FROM BOTH FIRMS.

It is a REAL eye--opener!!!

1.5 Recommendations

Table 1-2 tabulates the estimated costs to complete an intensive 2-year program designed to maximize the resource within the project area. Components of this program would include:

• 90,500 metres of reverse-circulation (RC) and 10,700 metres of diamond (core) drilling

• Expanding ground geophysical coverage to all priority drill targets,

• Conducting detailed structural mapping on priority targets,

• Completing all drill related permitting,

• Completing comprehensive metallurgical testing,

• Producing an EIS

• Producing a Prefeasibility Study (PFS)

• Clearing all cultural sites within the resource and mine plan areas

3/31/2022

Gold Springs Project Page 18Gold Springs Resource Corp. NI 43-101 Technical Report

• Mitigating all significant cultural sites within the resource and mine plan areasTable 1-2 Estimated Costs to Complete the 2-year program

Exploration Cost Area	Year
	2022	2023	Total
Drilling, Surface Sampling, and geochemistry Down-Hole Surveys	$7,585,900	$7,079,450	$15,295,350
Land and Option Payments	$399,840	$274,840	$674,680
Staffing & HHRR Travel Meals	$600,000	$613,000	$1,213,000
Reclamation, Environmental	$35,000	$48,000	$83,000
Camp Operations	$54,000	$60,000	$114,000
Geophysics	$240,000	$-	$240,000
Capital-Asset Purchases	$162,000	$32,000	$194,000
43-101 Technical Reports	$200,000	$250,000	$450,000
Cultural Surveys	$200,000	$200,000	$400,000
EIS	$265,000	$395,000	$660,000
Metallurgy	$250,000	$250,000	$500,000
Permitting and Consultants	$84,000	$58,000	$142,000
Information Technology & Miscellaneous	$17,000	$17,000	$34,000
Totals	$10,092,740	$9,907,290	$20,000,030

1.5.1 Drilling

Drilling requirements have been estimated to move the project forward rapidly. This will be achieved by deploying 3 RC drills to continue resource expansion in the Jumbo Trend and to investigate the other high priority targets. This program would provide for 90,500 metres of reverse-circulation (RC) drilling in approximately 610 holes and 10,700 metres of diamond (core) drilling in 70 holes. Sequencing for the program would be to initially focus on the Jumbo Trend and completely define the total resource within this +5-kilometre trend. Drilling would advance to the new discoveries and other high priority targets within Nevada based on priorities developed through continuing geologic, geophysical, geochemical and structural studies.

Geotechnical HQ size core will be used to define the acceptable slopes within the planned open pits. Core provides a better view of the geology than RC chips. A portion of the core will be consumed for metallurgical column testing.

[mattbigham]

This is fairly simple in terms of argument. If anybody here has been to Bolivia and then compares costs to Canada-especially the far north- they understand that costs here are exponentially higher for EVERYTHING. A driller in the Yukon will make in a day what a Bolivian will earn in a month. Keith Neumeyer will laugh in your face if you even suggest he should invest in Bolivia. It won't even

[jimdines1234567]

Matt, Wow! This post reply by you is anything but analytical... Gold Springs is located on the boarders of Nevada and Utah. I invite you to review the last years press releases of each company and their Seder reports. South American Silver was the company Greg headed up after he left Nova. There is no way that I meant to infer that company should be compared to MMG, only that he was the

[mattbigham]

Greg Johnson has publicly stated that MMG will follow the Galore Creek model and finance drilling from cash flow. Johnson performed that miracle with a gravel and sand business in Alaska while making himself and everybody associated with him very well off. Cash flow is slated to begin in 2022 from the Alluvials. This will be the third season of drilling at Keno and the second at La Plata. MMG

[jimdines1234567]

Thanks for the reply, and your thoughts. If you get the chance read the GRC Sedar MD&A. You will see that last year they sold their Escalones copper project to World Copper for about $4 millionC. Recently they reported more than $1.1 million profit from that sale. The proceeds went directly into the 2021 18,000 meter drill program. This is my final post till last assays are finally released