SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bill who wrote (989)11/13/1998 3:07:00 PM
From: Mr. Oil  Read Replies (1) of 2514
 
Not to argue your point as I think it is very valid, however it would seem to me the message here is MMU is concentrating on areas with little overburden. No doubt value may still be found deep below the surface somewhere but the flip side of that coin is that less valuable sources of kimberlite with lower cpt will be profitable if there is little overburden. If MMU is able to find the source of the indicator materials discovered in the last years drilling program, little overburden will make it even sweeter. Finding diamondiferous kimberlite, should it occur, on targets with little overburden should raise the interest of investors as the cost of production will be lower and therefore chances of finding a minable resource greater.

On another note, I am intrigued by the low volume trading and the firmness of the price. There are significantly higher sell lots than buy lots placed yet the price is remaining strong and trending up slightly. I take it that most shareholders are less likely to sell at these low prices when there is a renewing interest in the ADP and a new drill program on MMU land beginning in the new year. I think the down side risk at this juncture is very minimal and should it occur it would likely be very temporary. Just my thoughts.

Good investing

Ray the Reaper
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News