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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: loantech who wrote (7015)2/23/2006 6:46:23 PM
From: RealMuLan  Read Replies (2) | Respond to of 78417
 
It looks like MMGG has NOT had any news for 18 months straight now, so I doubt they would ever announce the PP is over<g>. Well, unless they hire a new PR.

All we will see, perhaps, is around July, plus/minus a couple of months, when the lock up period for the PP shares is over (usually it is 180 days), the PP investors begin to sell and drifting the stock price lower, assuming no news from the feasibility study.

If there is some news from feas and it is positive, unless someone step up to buy them, they will have raise even more money to develop the mine. Although at that time, it would be easier to raise money if they already have the proof of the reserve.

And from this letter, a feas can take as long as 5.5 years to finish.
metalin.com

Don't know, just some of my assumption. I wish I am wrong