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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Mr. Aloha who wrote (35769)3/13/2007 11:53:34 PM
From: Claude Cormier  Read Replies (3) of 78428
 
Well I did not compared MMG to ZNC at this point in time. Although they have similar ore types and will very likely end up with similar zinc quantities, I know MMG is much more advanced. I just implied that ZNC was also a great zinc play. Remember that ZNC has C$18M in the bank. Not bad for a market cap of $C52M. I think it will be enough for feasibility and I believe that very little additional dilution will be needed before production development. So I expect ZNC to move towards MMG market value in the next 12-18 months. When more money is needed, the stock price will likely be much higher therefore greatly diminishing production.

I was more comparing sizes of DNT and CUU, to MMG. For your info, DNT now has 8 billions pound of copper of which 78% is measured and indicated.

It is an error to believe that Peru is more risky than Mexico. It is not very much.

DNT will be the first to production before CUU and MMG. The reason is the nature of the deposit and the lower exploration and development costs.

The lead time to production is an important factor when trying to evaluate the value of a stock, that is probably why MMG is not higher prices. But I agree with you on the yet hidden value that MMG might have in its silver potential. They have published some exciting number. Will be very interesting to see how this thing develops.

I agree with your point on future stream of zinc mines vs copper mines. It should help zinc prices to come closer to copper prices.
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