With the likelihood that MMGG will have a very positive feasibility study (given the same team produced a positive feasibility study and got the similar Skorpion mine into production when zinc was 35 cents), I think MMGG is the best zinc play around. With 5.8 billion proven pounds of zinc and a fully diluted market cap under $150 million, it's a no brainer, IMO. At about 1% of the value of their proven zinc, the current market cap is ridiculously low for the amount of proven zinc they have at such a late stage of development.
I'll be very surprised if they don't get multiple takeover offers after they finish the feasibility study, especially if zinc is anywhere near the current price or higher. It'll be the biggest proven preproduction zinc project in the world that cash rich majors will be able to buy, and it's in a politically secure area. With the listing on a real stock exchange, I think MMG will be several times higher in about a year.
Good-bye, MMGG, hello, MMG.
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