Metallic Minerals Corp V.MMG

The Quote

[mattbigham]

" They would like to see 50-100 million tonnes of highergrade material. Maybe on the order of a per cent.
We've demonstrated that is possible with last year's drilling (2022) and hopefully with this year's (2023) drilling,as well."

Scott was interviewed in Sept. 2023 and MMG were actively drilling La Plata at that point in time.

"That's kind of the kicker-the sweet spot for them to say: Look, if we get 50-100 million tonnes of a per cent then we can do something with that.I think we are on the track to identify that as we go and we are excited to find out where it takes us." Scott Petsel explaining Newmont's position on the district.

7:39-8:14

https://www.youtube.com/watch?v=qnLPU2KKwYg

Noted is that Scott was referring to the 2022 DP and historic drill data only.
There have been two more drill programs that have followed and all the soil samples and geo identification work since then.

In short,we are looking for MMG to say they have identified the minimum requirement of high grade ore material that NEM wants to see.
MMG have repeatedly highlighted the large high grade zones identified in their NR's at Allard  and the revised count with gold and PGE's will increase the overall ore body grade and especially those high grade zones that will increase the viabilty of the Allard system.

Then there are the many other porphyry targets that have not been drill tested that show percent level values and Au/PGE's in their preliminary sampling at surface.

[SilverSam]

Thanks again, Matt, for tying all of this information together for us who follow the company. Let's hope it plays out the way the indicators are pointing.  With the price of precious metals taking off, it might just take one good press release to set the stock price of MMG into an upward motion.

[SilverSam]

Wow!  It didn't even take a press release to send this stock rocketing higher, almost overnight!