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Gold/Mining/Energy : Silver Bull Resources, Inc.

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To: Mr. Aloha who wrote (477)2/5/2007 5:24:33 PM
From: AuBug  Read Replies (1) of 5637
 
"The stock is now listed on the Amex and is becoming recognized as having perhaps the premier preproduction zinc deposit in the world, and is the only zinc junior listed in the U.S. They have also announced stellar silver drilling results, adding to thousands of results indicating a huge amount of high-grade silver on their property which has 45+ former-producing mines. With so few large zinc projects in the pipeline for coming years, especially in a secure part of the world, MMG will become more and more recognized as a premier mining stock. With several newsletter writers having participated in the private placement, there will likely be some good writeups and promotion coming after their shares are free trading."

If it really is a premier Zn deposit then a major will buy the entire company at say a 40% premium, nothing like the 82x Hommel implies. But then when you look at how volatile MMG is being off 30% from its high and lots of cheap paper flooding the thin market is that a good risk? I'll wait until the end of March after the last of the cheap paper is free to decide.

As for the newsletter writers being participants in the sweetheart $0.80/share PP they have a real dilemma on their hands, if I pump it and then dump it into the spike I run the risk of being prosecuted by the SEC. I know some of them take that risk on a regular basis but geez louise they've already made 250% on their investment if they can manage to get $3. I think it's more likely they'll rush for the gates rather than start writing about their personal holdings. They stand to make a lot more by cashing in and taking the next sweetheart PP from some other desperate junior with a story to tell.

MMG has not found a bottom yet.
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