mmg - they're cashed up good to right through full fease, no financing necessary, they've got millions extra for working up the silver/copper side of the fault ... it's many months down the road when mine capex time comes, and at that point the crux of it will be the outlook for zinc/silver supply/demand, this crappy mortgage issue being far behind us, new problems coming along no doubt ... but for the single biggest fundamental, ask yourself how many world-class zinc mines have you heard about that are coming onstream ... heard any action out of Lundin et al on Mehdiabad? ... me neither
Quite a distinct animal from wgi.to, i hold some of the latter for purposes of diversification, also for exposure to gold, but they're at a stage different from Metalline, about to be confronted with all the operating complexities, and with their resource in the ground currently valued far higher
Neither has announced yet whether they hold any dodgey commercial paper, to my knowledge, just thought of that, yikes, imagine having to repossess some sorry collection of Florida condos made out of wonkey yeller pine and pressed sawdust to pay your drillers or put a little something against the diesel fuel account ... seems to be the fashion this week to state where outfits keep their treasury, might be a good idea, although you wouldn't want to see them spend time and cash putting out a release on just that |
