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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: Fishfinder who wrote (24850)12/2/2003 10:01:27 AM
From: Fishfinder  Respond to of 39344
 
Regarding MFL
Firstly they have the goods.
98% of the other explorers projects will never sum up to a mine.
MFL at $11.50 /share and 6+ million oz's equ. in the ground and 32million shares outstanding we get $60.00us oz / share. Thats still cheap.
Concider this.
If you use the silver to off set the gold recovery @ $5.00oz you get a $0 - 30.00 oz cash cost to recover 3.5million oz / gold --------- and counting.
( that came from an analysts cookie sheet )
I think that MFL still has a lot of upside potential from here.
Other juniors out there that have zoomed from a dime to a buck have little more than some pretty pictures for you to look at.
MFL has only gone from $5 - $11.00 in the past year while gold has gone from $300 - $400.
Any comments welcome??

scott