SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Claude Cormier who wrote (25511)11/16/2006 9:05:43 PM
From: foundation  Read Replies (2) of 78409
 
Buffalo Gold (BUF.U) versus Madison Minerals (MMR.V)

----------

Good evening Mr. Cormier -- and all

I'd appreciate any thoughts on a comparison of the 2 miners above.

My primary draw, aside from their "junior" scale, is their interests in New Guinea -- and the geographic diversification this would afford me.

There are progressively fewer geographic regions I perceive as relatively safe for mining interests, though my perceptions in this matter are likely atypical. Also, I will not own miners incorporated in the US, for geopolitical reasons.

Regions I consider "safe" for owning interests in mines include Canada, Alaska, Australasia, West Africa, Russia (perhaps China).

Madison Minerals' Lewis Property in Nevada concerns me, as I believe environmental forces will come to bear in the lower '48 in future.

I perceive Mexico and South America as ripe for resource nationalisation in response to decades of heavy-handed US hegemony. South Africa is out as well. The continental US is off limits -- as is Turkey (EGO) and other Muslim states.

Buffalo Gold has an extra kicker in its uranium interests in Australia.

At this point in development, there is some logic to a relative symmetry to their Mt. Kare prospects... pending many more holes and feet drilled...

Buffalo's market cap is 2.5x that of Madison....
Buffalo has $25M US in cash and no debt, and it appears Madison just executed a very costly private placement...

... as things stand, I'm compelled to shuffle off to Buffalo...

thanks
f
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext