Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (15979)	3/21/2016 9:22:44 AM
From: Goose94	Read Replies (2) \| Respond to of 203728

Mines Management (MGT-T) March 21, '16 is pleased to announce that it has retained Canaccord Genuity Corp. ("Canaccord") as financial advisor to the Company to assist in reviewing and developing strategic options to enhance shareholder value. Canaccord is an independent, global, full-service investment bank focused on growth companies in the mining sector, and has provided advisory services in connection with some of the largest mining transactions in recent years. The Company's primary focus is on advancement of the Montanore Silver-Copper Project, which contains one of the largest known deposits of silver and copper in the Americas. The property is located in northwestern Montana, part of the Belt Super Group Basin, a geologic district which includes the famed Silver Valley of north Idaho and the Coeur d'Alene district. On February 12, 2016, the Company announced the completion of the permitting process and issuance of the Record of Decision for the project, allowing the project to move forward through final evaluation and a definitive feasibility study. Current mineralized material is estimated at approximately 81.5 million tons grading 2.04 ounces per ton silver and 0.75% copper. The deposit remains open in at least three directions for potential growth. A Canadian NI 43-101 compliant preliminary economic assessment ("PEA") published on February 3, 2011 [link to press release] indicated robust economics at $15.00 per ounce silver and $2.50 per pound copper prices. The project is permitted to operate up to 20,000 tons per day, and the PEA projected sales of 6.4 million ounces of silver and 51 million pounds of copper annually at the initial design throughput of 12,500 tons per day. The PEA and additional descriptive information is available on the Company's website ( www.minesmanagement.com). Rod MacLeod, M.Sc., P.G., is a Qualified Person (QP) as defined by National Instrument 43-101, and has reviewed and approved the technical contents of this news release. For more information, contact: Douglas D. Dobbs President, Mines Management, Inc. Phone: 509-838-6050 Fax: 509-838-0486 Email: info@minesmanagement.com Web: www.minesmanagement.com