Metallic Minerals Corp V.MMG

Near term news coming.

[bzobrien]

Of course, massive Copper and PM's in Colorado with updates coming,and lots of expansion posibilities, but continue to focus on near term initial high grade maiden Silver resource at Keno Hill and alluvial income stream starting this year.  News heavy Summer.  All good.

[deet]

Sounds good. And Newstrike....(now being acquired by Newmont) wouldn't have invested in this company at 40 cents a share if they didn't see huge potential in this play. Perhaps they already know something we don't.  It's a vote of confidence coming from a big player. They way I look at it...anything under 40 cents is a bargain. Always do your own DD and follow your own gut

[deet]

Oops. Correction. I was referring to NEWCREST Mining of course....not Newstrike.

[deet]

PS: Trading this morning is a joke. Down 8% on a measly 7,000 shares worth....$ 2,450.  Whoever sold.....good riddance!  Don't let the door hit you on the way out.

[mattbigham]

"Liquid metal shares? What's that?" Deet Hecla and First Majestic are examples of liquid metals shares. 6 million shares of Hecla traded today. The big boys can afford to lose $2,450.00 as they guide an illiquid share to where they want it to go. Of course,MMG is no longer a silver play as Keno is in the back seat and an afterthought to La Plata.

[deet]

I get what you're saying. Low volume means a share price can easily be manipulated. Some days this stock is down 10 percent or more with only 60,000 shares or so traded. Silver and gold prices have been languishing which doesn't help.

[jimdines1234567]

Matt, It will be interesting to see how large the Maiden Resource Estimate from Keno will be. It will have great influence over how much Hecla will be willing to buy out the MMG Keno Hill asset. I hope we are well north of a 10 million-ounce equivalent. It's got to be large enough for Hecla to step in and take out the MMG STAKE!!!

[deet]

Yes, and in the meantime, someone is doing their best to keep a lid on the share price with fake walls popping up and then disappearing at the end of the trading day. Low volume enables this kind of manipulation. Don't know who is behind it.

[mattbigham]

Jim,it's early days for Hecla at Keno. They haven't begun production yet and they have a resource of 107 million oz M+I+I at Keno. Keno west has a huge land package to drill and potentially discover future resources. At 4 million oz of production per year they have decades of their own ore to mine and mill. Any large increase in share price at Keno will come from discovery and MMG are

[deet]

Unless, of course, gold and silver skyrocket due to some unforseen development. Then all bets are off. The ensuing buying frenzy would catapult share prices to unprecedented highs. It's happened before. Think back to 1980.

[mattbigham]

Sure.We all dream. I bought a piece of land in 1981 for $8,000.00 and it just sold for $385,000.00. Conversely,the price of silver was $26-$47 in 1981 and here we sit at $23 - some 42 years later. Real estate acted as a hedge against money printing/inflation. Silver has not.

[jimdines1234567]

Matt, You have valid points here. The LP drill program could yield enormous value if we have hits like what was recently released. Significant continuity with the likes of the 815 meter Monster hit may prompt a fairly quick take-out by Newcrest/Newmont.

[mattbigham]

Of course. The reconfirmation drilling of that historic drill hole took nine months to announce from the day the DP at LP was posted up vy the company  until the day they released the drill results. Since MMG have not begun their 2023 DP at La Plata when can we expect drill results?