Everybody should do a comparative valuation analysis of other late stage preproduction world-class zinc projects, or take the world-class zinc producers (trading orders of magnitude higher) and discount back for the time and risks to get to production. If you look at those numbers, you'll see how ridiculously undervalued MMG is at about 1/4 of one year's future cash flow for what could be, in about a year, the biggest proven feasible preproduction zinc project in the world (and maybe the only one with 150,000+ tpa zinc production).
Since they only got Amex listing last month, there's huge pent-up demand from institutions who will want a piece of the only zinc junior listed in the U.S., especially if zinc stays strong or breaks out to new highs (only about 10 cents higher). If they make it to production, which looks like a very solid bet given that the same team got the similar Skorpion mine into production at .35 zinc, MMG would have to go up enormously in coming years just to get a similar valuation to the zinc miners in production, which are arguably very undervalued. I don't know of any stock in any sector that has as sure a huge return for coming years.
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