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: Postman who wrote (64730)	4/8/2009 6:34:20 PM
From: niceguy767	1 Recommendation Read Replies (1) of 78408

Yes, one doesn't hear of many junior producers that are profitable, are buying back shares these days and have little/no LT debt. I can only construe these 3 characteristics as very positive for the MDN shareholder going forward. As for MTO, who has just completed a $12 million offering, the new capital will allow them to meet their goal of ramping up to a rate of 70,000 ounces in production by July 2010, just a little more than a year from now. Here is a release today: sectornewswire.com As mentioned in this report, there is a likelihood of some positive news in the near term. I'm guessing that's why Sprott and Goodman don't mind holding 1/3 of the 100 million outstanding shares. Disclosure: I have been and continue to accumulate MTO and MDN as, assuming POG of $850 to $1,500 over the next 1 to 2 years, the risk/reward rato appears outstandingly favourable to me.

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