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Hecla Mining which now owns Mines Management made a decision of a lifetime buying them out.
Time to run
Continues to move upward.Still undervalued.
Much more room to move upward.
The next big leg up will be next week when the Federal Reserve punts on raising interest rates. Be sure to buy before then.
Silver will go to the moon. People are losing faith in this central bank rigged financial market, too much debt, and lack of real growth.
If silver goes 'to the moon' like many are saying, Hecla's deal will seem like a huge bargain.
Hecla Mining bought out MGN in May. This alone makes MGN significantly under valued at the current share price.
http://www.seattletimes.com/business/hecla-mining-to-acquire-mines-management/
Silver prices will keep going up due to the Federal Reserve not raising interest rates and investors flocking to precious metals for safety.
This company has to be one of the most undervalued mining stocks out there right now. What they are sitting on is absolutely phenomenal. Silver prices will continue to rise while the Federal Reserve does not raise interest rates.
They have a lot of silver in the ground and have spent years jumping the permit hurdles.
This is ready.
MGN is a hidden gem. They have the potential to jump to $2 a share easily.
Gorgeous 6 month chart!.. this company looks set to go up even further.
Nice gain today. Let's see if they let silver hold $18.
moving averages lined up for gains....
good running soon as the 20day/av starts tilting back up
got a fifty fives spot for another runner....
looks like another good call Augusta .. thx
good run likely when the top band turns up
$MGN recent news/filings
bullish 0.51
$MGN charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$MGN company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/MGN/company-info
Ticker: $MGN
$MGN extra dd links
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/MGN/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/MGN/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=MGN+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=MGN+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=MGN+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/MGN/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/MGN/news - http://finance.yahoo.com/q/h?s=MGN+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/MGN/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/MGN/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/MGN/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/MGN/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/MGN/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/MGN/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/MGN/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/MGN/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=MGN+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/MGN
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/MGN/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/MGN
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/MGN/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/MGN/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/MGN/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/MGN/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/MGN/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/MGN/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/MGN/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=MGN&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=MGN
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/MGN/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=MGN+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=MGN+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=MGN
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=MGN
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=MGN+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/MGN/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=MGN+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/MGN.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=MGN
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/MGN/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/MGN/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/MGN/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/MGN/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/MGN
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/MGN
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/MGN:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=MGN
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=MGN
StockTwits (stocktwits.com): http://stocktwits.com/symbol/MGN
$MGN DD Notes ~ http://www.ddnotesmaker.com/MGN
Consolidation appears to be done. This can go a lot higher if silver is 'allowed' to go up again.
The Northern Miner
VANCOUVER — After 11 years, Mines Management (TSX: MGT; NYSE-MKT: MGN) has finally scored a long-awaited approval from U.S. Federal and State agencies to develop its US$552.3-million Montanore silver-copper deposit in northwestern Montana.
- See more at: http://www.northernminer.com/news/mines-management-president-elated-with-montanore-approval/1003765640/14w34s4woW2vmMw4q/?ref=enews_NMWR1&utm_source=NMWR1&utm_medium=email&utm_campaign=NMWR1-EN02252016#sthash.ninNSq49.dpuf
http://www.northernminer.com/news/mines-management-president-elated-with-montanore-approval/1003765640/14w34s4woW2vmMw4q/?ref=enews_NMWR1&utm_source=NMWR1&utm_medium=email&utm_campaign=NMWR1-EN02252016
MINES MANAGEMENT SCHEDULES WEBCAST TO DISCUSS MONTANORE SILVER-COPPER PROJECT
February 19, 2016
Press Release: 16-03
Spokane, Washington – February 19, 2016– MINES MANAGEMENT, INC. (NYSE-MKT: “MGN”, TSX: “MGT”)(the “Company”) will host a live webinar for analysts and investors to discuss the recent issuance of the Record of Decision for the Company’s 100% owned Montanore silver-copper project previously announced on February 12, 2016.
The webinar is scheduled for 8:00 a.m. Pacific Standard Time (PST) (11:00 a.m. EST) on Tuesday, February 23, 2016, and will provide an overview of the Montanore silver-copper project, and a discussion of the recent completion of federal and state permitting process and the Company’s plans for the project.
Individuals wishing to participate in the webcast should register in advance at the following link: https://attendee.gotowebinar.com/register/3004794127605167363. An email will be sent to registrants confirming the registration and access information. Registrants should allow extra time to log in prior to the presentation.
For those unable to participate in the live event, the webcast will be archived and available on the Company’s website.
About Mines Management
Mines Management, Inc. is engaged in the business of exploring, and if exploration is successful, developing mineral properties containing precious and base metals. The Company’s primary focus is on the advancement of the Company’s 100% owned Montanore silver-copper project located in northwestern Montana in the United States. The Montanore is an advanced stage exploration project, which deposit contains mineralized material of approximately 81.5 million tons with average grades of 2.04 ounces silver per ton and 0.74% copper in two mineralized zones.
The project recently received positive Records of Decision marking the completion of the permitting process, allowing the project to move forward toward development. Additional information regarding the completion of permitting is available in the previous announcement issued on February 12, 2016 or Company’s website at www.minesmanagement.com.
FOR MORE INFORMATION:
Douglas D. Dobbs
President, Mines Management, Inc.
905 West Riverside Avenue - Suite 311
Spokane, WA 99201
Phone: 509-838-6050
Fax: 509-838-0486
Email: info@minesmanagement.com
Web: www.minesmanagement.com
230 million ounces of silver Montanore Project Overview
Introduction
Mines Management's wholly owned Montanore Project hosts one of the world's largest Silver-Copper deposits containing in-situ mineralization estimated at more than 230 million ounces of silver and nearly 2 billion pounds of copper
http://www.minesmanagement.com/montanore-overview.php
MGN has some swings but when you check the charts they are very bullish.
Thanks CJ! This just keeps getting better. Nice day today!
MGN HUGE news !!! Schedules Webcast to Discuss Montanore Silver-Copper Project http://finance.yahoo.com/news/mines-management-inc-schedules-webcast-140637665.html?soc_src=mediacontentstory&soc_trk=tw via @YahooFinance
AP report on the MGN mines is HUGE. Remember we traded up over $8.00 a share during the years they were working on getting this mine approval and permits! Thi8s is a 500 million dollar mine!
"The Latest: Mine developer says partial approval is enough
Developers of a $500 million silver and copper mine beneath a wilderness area near the Montana-Idaho border say the conditional approval granted to the project is sufficient for it to proceed
Associated Press
February 12, 2016 3:33 PM
BILLINGS, Mont. (AP) -- The latest on Montana officials giving only partial approval to a $500 million silver and copper mine proposed near the Idaho border. (all times local):
1:30 p.m.
Developers of a $500 million silver and copper mine beneath a wilderness area near the Montana-Idaho border say the conditional approval granted to the project is sufficient for it to proceed.
State and federal regulators on Friday released long-awaited decisions on the Montanore mine near Libby, Montana. They say Mines Management, Inc. can proceed with a $30 million mining evaluation, but must demonstrate the mine won't drain overlying creeks in the Cabinet Mountains Wilderness.
Mines Management chairman Glenn Dobbs says the company plans to move forward and will present the findings from its evaluation to regulators.
Dobbs last month said investors might shy away if the project didn't get full approval. But he now says the company will be able to finance the mine based on Friday's decisions.
The Latest: Mine developer says partial approval is enough
AP 4 days ago
Montana silver, copper mine clears key hurdle; lawsuit looms
AP 2 mtMore
.
12:30 p.m.
Montana's top environmental regulator says the state can't give full approval to a major copper and silver mine near the Idaho border until its backers show the mine won't drain water from creeks in an overlying wilderness area.
Department of Environmental Quality Director Tom Livers on Friday approved several aspects of the $500 million Montanore mine. Those include its air quality permit and a transmission line linked to the project.
9 a.m.
Montana environmental regulators have partially approved a major silver and copper mine proposed beneath a federal wilderness area, casting uncertainty over the $500 million project near the Idaho border.
The mine would employ about 350 people."
500 million dollars is a lot of money. Big hedge funds should load ahead and MGN should easily be back at multi dollars.
With this share structure it won't take much to send this considerably higher. Watch out once financing is announced.
MGN ready for new 52 week highs ahead.
The new mine permits make MGN worth multi dollars again. Anyone selling here is insane IMO. Check the PPS over the over 11 years they fought to get these permits!
Looks like a bit of profit taking on a sell the news style. This stock should fly once gold resumes its upward trend. Should be a fun 2016!
You are very welcome. MGN definitely should be trading up dollars ahead soon.
Thanks CJ. Unfortunately didn't get to see much today, which is ok since the future appears to be spectacular! Thanks again for the breakdown.
Very impressive.
I love it! Thanks for posting.
Insiders and small cap funds own MGN. (Link below) I was surprised to see Calpers here in CA owns it. That is my parents retirement form when they both worked for the city and state of CA so many years back. There is one good investment Calpers made. This should be big ahead.
http://finance.yahoo.com/q/mh?s=MGN+Major+Holders
AP report on the MGN mines is HUGE. Remember we traded up over $8.00 a share during the years they were working on getting this mine approval and permits! Thi8s is a 500 million dollar mine!
"The Latest: Mine developer says partial approval is enough
Developers of a $500 million silver and copper mine beneath a wilderness area near the Montana-Idaho border say the conditional approval granted to the project is sufficient for it to proceed
Associated Press
February 12, 2016 3:33 PM
BILLINGS, Mont. (AP) -- The latest on Montana officials giving only partial approval to a $500 million silver and copper mine proposed near the Idaho border. (all times local):
1:30 p.m.
Developers of a $500 million silver and copper mine beneath a wilderness area near the Montana-Idaho border say the conditional approval granted to the project is sufficient for it to proceed.
State and federal regulators on Friday released long-awaited decisions on the Montanore mine near Libby, Montana. They say Mines Management, Inc. can proceed with a $30 million mining evaluation, but must demonstrate the mine won't drain overlying creeks in the Cabinet Mountains Wilderness.
Mines Management chairman Glenn Dobbs says the company plans to move forward and will present the findings from its evaluation to regulators.
Dobbs last month said investors might shy away if the project didn't get full approval. But he now says the company will be able to finance the mine based on Friday's decisions.
The Latest: Mine developer says partial approval is enough
AP 4 days ago
Montana silver, copper mine clears key hurdle; lawsuit looms
AP 2 mtMore
.
12:30 p.m.
Montana's top environmental regulator says the state can't give full approval to a major copper and silver mine near the Idaho border until its backers show the mine won't drain water from creeks in an overlying wilderness area.
Department of Environmental Quality Director Tom Livers on Friday approved several aspects of the $500 million Montanore mine. Those include its air quality permit and a transmission line linked to the project.
9 a.m.
Montana environmental regulators have partially approved a major silver and copper mine proposed beneath a federal wilderness area, casting uncertainty over the $500 million project near the Idaho border.
The mine would employ about 350 people."
That is big news. The opposition they faced was determined. Frankly, I'm a little surprised. They are located in a very beautiful place--I've been there.
This part is HUGE for MGN shareholders. It took 11 years to get these permits approved!
MGN News- Mines Management Inc. Receives Final Record of Decision for the Montanore Silver-Copper Project
3:28 PM ET 2/12/16 | GlobeNewswire
MINES MANAGEMENT, INC. (NYSE-MKT: "MGN", TSX: "MGT") (the "Company") is pleased to report that Records of Decision (ROD) approving development of the Montanore Mine Project were issued by the U.S. Forest Service (USFS) and the Montana Department of Environmental Quality (MDEQ). The agencies' decisions approve the project defined in the preferred alternative as outlined in the Joint Final Environmental Impact Statement (EIS) previously announced on December 21, 2015, and provide a path forward for development of the project.
MDEQ's conditioned approval amends the existing state Hard Rock Operating Permit #00150 to conform with provisions of the RODs, issues the Certificate of Compliance permit for the electrical transmission line and the Air Quality Permit for construction and operation up to 20,000 tons per day.
"We have crossed the goal line. The Record of Decision is the major approval to complete the final evaluation and development of the project contingent upon compliance with its conditions. We are excited to have completed the eleven year permitting process that included two draft Environmental Impact Statements and at least three rounds of public comment," Glenn M. Dobbs, the Company's Chairman and CEO, stated in response to the announcement.
"It has been a long journey. Many naysayers said it couldn't be done, but we did it. This monumental undertaking couldn't have been accomplished without the support, hard work and dedication of many people in the communities of Libby and Lincoln County, Company staff, government agency personnel, elected officials, and our team of consultants including Klepfer Mining Services who oversaw the permitting process from beginning to end. Once fully developed and operating, the Montanore Mine will make a major contribution to the vitality of the local community and the state of Montana for many years to come."
The Montanore deposits were discovered in the 1980s and explored by previous operators at a cost of more than $100 million, which ceased in the 1990s when metals prices were low. Since acquisition of the Montanore in 2002, Mines Management has spent over $75 million on dewatering and partial rehabilitation of the 14,000 ft. decline, construction of site infrastructure, revised and updated resource estimates and a Preliminary Economic Assessment (PEA), as well as re-permitting the entire project.
Mineralized material within two zones is estimated at 81.5 million tons with grades of 2.04 ounces per ton silver and 0.75% copper. Mineralization is open in several directions, and a third zone of mineralization has been identified, all of which management believes have potential to expand the resource. An independent PEA published in 2011 describes an underground bulk mining scenario utilizing conventional crushing and flotation processes which would extract a high quality concentrate for sale to smelters at low underground mining and processing costs. Initial throughput of 12,500 tons per day is projected to produce more than 6 million ounces of silver and 50 million pounds of copper annually, with potential for expansion up to a permitted capacity of 20,000 tons per day.
The Montanore project, as currently permitted, includes more environmental protections than what was originally approved in 1993, so extra measures will be taken to protect wildlife and water resources. Other individual permits and authorizations will be issued following the RODs in accordance with their processes and timelines. These would include the U.S. Army Corps of Engineers' Section 404 permit for the tailings impoundment required by the Clean Water Act, MPDES permit and issuance of water rights. Mitigation is a major element of all permits for the project that are required to protect the environment and critical habitat necessary for wildlife and threatened and endangered species to flourish.
The Company plans to pursue various avenues of financing, and/or strategic business combinations, to advance the project through evaluation and feasibility, and development of the project. Additional information is available on the Company's website: www.minesmanagement.com .
Cautionary Note to U.S. Investors concerning estimates of Mineralized Material: This press release uses the terms "Mineralized Material". We advise U.S. investors that the term, while permissible under the Securities and Exchange Commission Industry Guide 7, does not indicate "reserves" by SEC standards. There can be no assurance that any part of the mineralized material at Montanore will ever be confirmed or converted into SEC Industry Guide 7 compliant "reserves". Investors are cautioned not to assume that all or any part of the mineralized material will ever be confirmed or converted into reserves or that mineralized material can be economically or legally extracted.
Statements Regarding Forward-Looking Information: Some statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. and Canadian securities laws including comments regarding anticipated issuance of the U.S. Army Corp of Engineers Clean Water Act 404 permit and the timing thereof; potential for long term high paying jobs at the Montanore project and the contribution of the Montanore project to the local and state economies, the existence and measurement of mineral resources and the potential to expand the resource; plans to conduct underground evaluation and drilling activities and prepare a final feasibility study; quality of concentrate extracted at the Montanore mine and the cost of extraction; projected volumes of throughput to be extracted from the Montanore mine and the amounts of silver and copper included in the material extracted; timing of preparation for additional evaluation and drilling and completion of environmental mitigation activities; and availability of financing for development of the Montanore project, or of strategic business combinations. Investors are cautioned that forward looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially from those presented. Factors that could cause results to differ materially include delays in the 404 permit, whether external financing for the Company's business can be obtained on acceptable terms or at all; whether business combinations are presented on favorable terms or at all; continued disputes regarding claim ownership and rights in the Montanore Project area; potential for environmental challenges to the development of the Montanore Project; changes in interpretation of geological information; results of future drilling and evaluation work and feasibility and other studies; whether additional permitting may be required at Montanore in the future; continued decreases and future fluctuations in silver, gold and copper prices; and world economic conditions. Mines Management, Inc. assumes no obligation to update this information. There can be no assurance that future developments affecting Mines Management, Inc. will be those anticipated by management. Please refer to the discussion of risk factors in the Company's Form 10-K for the year ended December 31, 2014, which are available on the U.S. government's website, www.sec.gov, or on the Company's website.
For more information, contact:
Douglas D. Dobbs, President
Mines Management, Inc.
905 West Riverside Avenue - Suite 311
Spokane, WA 99201
Phone: 509-838-6050
Fax: 509-838-0486
Email: info@minesmanagement.com
Web: www.minesmanagement.com
HUG#1985967
http://www.globenewswire.com/newsroom/ti?nf=MTMjMTAxNjAwNTEjMzE2MjY=
Today was so much fun. Not sure if you were watching but it was a nice steady climb up the MGN charts to .69 with great volume buying pressure. The dip shook some people out but the churn up set's us up for a break of the 52 week highs just ahead. At one point we were on the very top of the AMEX percentage gainers list. We closed at .5899 up 18.45%
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AS OF 5/24/16, MINES MANAGEMENT IS NOW OWNED BY HECLA MINING !
http://www.seattletimes.com/business/hecla-mining-to-acquire-mines-management/
“The Montanore Project has been significantly advanced by Mines Management and, with the issuance of the final Environmental Impact Statement and Records of Decision early this year,
now is the time to pass it on the Hecla to further advance the project and put it into production,” said Glenn Dobbs, CEO and Chairman of Mines Management.
Mines Management Inc.
905 West Riverside Avenue, Suite 311,
Spokane, WA, US 99201
Telephone:
(509) 838-6050
Website:
http://www.minesmanagement.com
Facsimile:
(509) 838-0486
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