Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (57272)	3/4/2008 3:21:53 PM
From: tyc:>	Read Replies (1) of 78408

ngd.to I was impressed by the mining aspects...especially reserves and grades and location etc. However I didn't buy; I don't like convertible debentures... just a whim. I'd need to look more closely at finances before I could give a clean thumbs up. MR.to. Yes today's drop is to be explained by MY yesterday's enthusiasm. But the drop didn't erase the cause of my enthusiasm. I bought more today ! At the PDAC I tried to question the relationship between NAV and Market Cap... Essentially I drew a blank. ".. the market decides values and peers in production trade at much higher enterprise value per ounce of reserves" etc. To my mind, no stock scores higher in that regard than MR when you include its share of El Morro reserves. I wonder when El Morro reserves can officially be included in reserves rather than resources.

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