Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTC) updated the mineral resource estimate for the Allard deposit at its La Plata copper project in southwestern Colorado, reported the Couloir Capital research team in a Jan. 29 research note. Couloir raised its fair value target price on the Canadian mineral explorer by 55% to reflect an expanded resource base and higher peer group multiples.

“The updated and expanded mineral resource estimate at the Allard deposit represents a meaningful milestone for Metallic Minerals, further validating La Plata as a large, district-scale porphyry system with multimetal optionality,” Couloir analysts wrote…

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