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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (12377)	4/21/2004 6:20:50 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

<No chance MNG could be hit with a CLG type whammy?> Not on their initial low capex toehold mine, as the infrastructure is just brought over from their old, depleted Yellowknife mine. Possibly their big district potential could be impacted by Train Wreck input costs, but they have time on their side, as they get the great low cost production on their start-up. Slide presentation here: miramarmining.com Others? how about AGI under 2.30, they just sold a $30 Cdn private placement at $3.00, and I know McCluskey placed it in strong hands. biz.yahoo.com So on an enterprise value basis (substract the cash to value the deposit(s), this price is a little nutty. The Salamandra District is going to get a very serious exploration look this year, and it has that purple haze glow of minerials everywhere. Read the news releases so far this year, bam, bam ,bam, these guys are busy, on the move. And guess what, I think they'll be producing 150,000 oz next year, sub-$200 cash cost. You do the math. Three bucks and change on GBU is absurd at this point. I bought more RNO at 1.87 and picked up my first position in NTO at 2.36 today.