Long term picture as I can see it.
Mine development is a long term venture, 10 years is fast, not uncommon to be 15 to 20 and longer. Take a look at how long Baja's Boleo has been in process and they are one of the few with a "definitive" feasibility study.
Take a look around and see how many projects are in a bankable feasibility study, not many. Most are exploring for a resource and doing "scoping studies", a process done before a resource is developed.
MMG I believe will be there in less than a year.
MMG is today, by any metric still underpriced. What is 2 million tonnes of zinc worth, even half of that, you do the math. Some silver numbers are coming soon.
Base metals have been hit hard by the market uncertainties, even though the fundamentals remain strong.
MMG is currently working in a mining boom, so delays are inevitable.
But the project continues to successfully progress toward feasibility and they continue to evaluate the potential of their concessions, which is also the important point.
Real money will be made here although if you are a trader perhaps there are better trades. If you are investing in Metalline for a project that can become one of the lowest cost, most profitable zinc mines in the industry, then you will have to wait until the work gets done, a feasibility study is completed and a mine developed. |
