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Gold/Mining/Energy : Silver Bull Resources, Inc.

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To: peter michaelson who wrote (164)	11/5/2006 8:43:56 PM
From: Mr. Aloha	of 5637

This article gives a good overview of zinc: kitcometals.com It has a long way to go just to get to its all-time high in real terms, and the supply/demand situation is a far worse crisis than ever before, with no letup in sight. Zinc could collapse down under $1, and probably under .50, and MMG would still be worth a lot more than its current market cap as the project advances. Preproduction, prefinancing Skorpion was valued about the same as MMG is right now when Anglo American bought it out 7 years ago upon completion of their feasibility study, when zinc was around .35 or .40 per pound. With zinc over $1.90 a pound, MMG's valuation is absurdly low, as profit margins at zinc anywhere near even half the current price are many times those with zinc at .35.

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