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Gold/Mining/Energy : Silver Bull Resources, Inc.
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To: marcos who wrote (109)10/11/2006 3:08:11 PM
From: Mr. Aloha  Read Replies (3) of 5637
 
Is that an African or European swallow? :)

I agree. I'm amazed that some think the water news is a showstopper and caused the stock to lose most of its value since June. They'll pipe in water from wherever they need to (there are lakes not that far away) at a tiny fraction of the overall mining costs. A penny higher zinc price is far more significant than a higher cost for water, and this mine would be making lots of money with zinc over 100 pennies lower than it is now. Here are some of the real reasons the stock is down so much since June: Message 22894906

Now that it appears the relentless selling from a couple of profit takers the last few months is done and the stock is breaking the summer downtrend, the technicals are finally set up for a nice rebound as zinc breaks out to a new all-time high. This ridiculously low valuation for MMGG won't last long.
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