ZINC The base metal. News and Views. Symbol Zn Message Board

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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn

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From: Mr. Aloha	12/24/2005 11:28:32 AM
	of 3270

Any opinions on MMGG? Looks like a no-brainer strong buy to me here at .80. There's only been good news since the stock was over $3. The fundamentals have improved dramatically since then, with the > $4 billion zinc reserve being proved during the ongoing feasibility study and the zinc price nearly doubling from the low .40's to over .84 now. What's pressured the stock this year is selling from private placement investors whose lockup expired. They're also doing a private placement to complete the feasibility study at .80, which has caused the stock to sell down to that level. Once tax-loss selling and the placement are done in the next couple of weeks, that selling pressure will be gone and the stock should start moving back up toward fair value. It seems with the metallurgy proven in the feasibility study already, nearly all the risk has been removed, with only the costing and design of the project left to be completed. They're using the same team that did the feasibility study for the low-cost Skorpion mine in Namibia and got them into production.

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