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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: orkrious who wrote (8632)3/30/2006 11:33:13 AM
From: loantech  Read Replies (2) of 78416
 
ork,
I was disappointed in seeing this (below) in the latest 10Q. I PM'd a holder of MMGG and they indicated work may be being done on the silver side but as per this no work. And no news to speak of for some time as per silver etc. Of course they did well by closing the PP and have nice cash and can start the feas for zinc.

but back in 99 when silver work was being done I imagine silver was 3.50-4.00. We have been at 8 bucks , 9 bucks 10 bucks and now 11 bucks we need silver action.

Here is the clip from the 10Q

<<Work on the polymetallic mineralization was put on standby in 1999 when the Company recognized the potential of the oxide zinc mineralization as a result of a positive feasibility study conducted on the Skorpion Mine located in Namibia, Africa, that demonstrated that the use of the solvent extraction electrowinning ("SXEW") process could make it profitable to mine oxide zinc deposits that would otherwise be unfeasible. Now that the Company's work on the oxide zinc mineralization is in the feasibility study stage, the Company anticipates continued exploration of the polymetallic mineral system north of the Sierra Mojada Fault. However, the Company has not yet allocated financial resources nor established a timeline for when it expects to initiate such additional exploration.>>>>>>>>

Maybe jackjc can bring us up to speed?

I will be offline most of the rest of the day.

Tom
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