Q: Thinking of beginning a small position in this one...what are the pros and cons of MMA..many thanks
5i Research Answer:
The cons are: its small size, developer status, no revenue, losses, negative cash flow, high risk. Pros are: decent management, good project in a generally safe jurisdiction, decent balance sheet, good stock momentum, potential from copper growth (EV demand). It is hard to strongly endorse as its future will depend on drilling results, which we cannot predict. Lots of capital and time will be needed on this one. But we would consider it 'decent' for the micro cap developer sector overall.