Q: please comment on La Plata Cu press update
thank you
thank you
5i Research Answer:
MMG reported 99.9% recovery of pure metal (copper). This demonstrates the first time electrochemical leaching can dissolve copper from sulphide mineralization. This is a solid result, certainly, but does not prove everything will work at commercial scale. But it is a good step forward for the company. Still, risks are high. It is a small company even after its 113% one year gain. It has little cash, no revenue, losses and negative cash flow.