Here is what David Lenigas, an expert on the subject, has to say.

@DavidLenigas Look at the fundamentals here. A market cap today of MMS is less than CAD $40m. They have money on the bank, a massive iron ore resource, a massive off-taker. There are lots of rubbish Companies in the market on a comparison basis that have much higher market caps with moose pasture. Remember MMS used to be worth over $250m before the market crashed on the same assets and now the assets are bigger and better. This Moonshine has had $70m plus spent on it to get to this stage.

(Do your own DD. Maybe wait for a dip to buy on. Maybe not. It will come back at some point. )