To use a horse race analogy, we're on the last turn and into the last stretch to the finish line. It's gonna be a photo-finish.
No doubt in anyone's mind, MMW TBN project holds a great deal of PGM resources. That is the main reason for Anglo American, Anglo Pacific, Panoramic and other big players to have bet big money on MMW.
So far MMW has spent $40mm since the beginning and they're down to their last $9mm. At the end of June all the money will be gone...
This winter drilling is a make it or brake it situation for them.
So far the ~700,000 oz Pt equivalent proven is not enough to have a mine. The scoping study says so.
It remains a pretty long shot. No money, no candy...
MMW Price at posting:
36.5¢ Sentiment: None Disclosure: Held
