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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: loantech who wrote (19098)8/25/2006 9:59:13 AM
From: Mr. Aloha  Read Replies (3) of 78410
 
MMGG's market cap is well below 2% of the metal in the ground. The 5 billion pounds of zinc is using a 5% cutoff grade. Many other companies' average grade is well below 5%, and MMGG's 5 billion doesn't even count anything under 5%. If they used the same cutoff grade other companies use, it would significantly increase the estimated resource.

Even if you use the conservative 5 billion pounds using that 5% cutoff grade, the market cap could still triple and be under 5% of that measured zinc. Add in the big zinc they're drilling out separately and the high-grade silver, and the current price is ridiculous for such a world class deposit in a secure location with great infrastructure well into the feasibility study.
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