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

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To: jackjc who wrote (2071)	7/24/2008 4:29:48 PM
From: jack102son	Read Replies (1) of 5637

It also doesn't take much for the surplus being even bigger. The recession must get just a little further and the demand can go down even more. The Chinese won't close their mines due to the government. They will mine with the loss if needed, but miners have production mix so they are making profit on copper. In general they are still in good shape. The current numbers for the next year surplus are huge. Dunno how zinc can be in a deficit next year or even this year. Current market cap (btw new low today at the close at 1,16$) is at around 63m$ and they need what +500-800m$ for the mine + refinery. It sounds impossible to me. I look at mmg as an call option on zinc and even today market cap doesn't seems cheap to me if I look where the world is going and how the risk is currently priced. What I can buy and at what price. I see a lot of people wanting to get out and no big volume. It looks to me that low is still far away even if zinc recovers for 10%. I like your optimism and all the infos you bring to this forum but right now with all the numbers and data and also because of the stock price which in my belief is going down much more I just don't see how will they be able to finance the project and how the price can get back to 2-3$. 3$ means that it needs to rise 158%. :) Even higher seems just impossible.

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