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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 (7229)2/27/2006 10:00:41 AM
From: ogi  Read Replies (1) | Respond to of 78408
 
Well done Tom. GYD has been showing very strong movement in the past week. Must be too soon for assays, just about 4 weeks since drilling started. About 6 weeks last time which was fast!!

Market is saying more gold, I would like to know what the assays say.

Cheers,
Ogi



To: loantech who wrote (7229)2/27/2006 10:01:27 AM
From: Nikole Wollerstein  Read Replies (1) | Respond to of 78408
 
Thanks for MMGG, Tom.



To: loantech who wrote (7229)2/27/2006 10:41:15 AM
From: Zincman  Read Replies (2) | Respond to of 78408
 
Looking good... :)

NW moving up a bit today too.. Wow... Boy did I ever get CGE and NW wrong... Sold near the botton.... sh#$....



To: loantech who wrote (7229)2/27/2006 10:47:45 AM
From: RealMuLan  Read Replies (2) | Respond to of 78408
 
Volume is not convincing. I sold mine. My bet is that I can buy it back cheaper, if not much cheaper



To: loantech who wrote (7229)2/27/2006 11:03:10 AM
From: Mr. Aloha  Read Replies (1) | Respond to of 78408
 
Check out this exchange from another message board. MMGG is still way undervalued relative to other zinc stocks:

Feb. 22 2006, 9:43 PM ET members post by cw98 (25 )

Think Zinc, JRW sez --

I don't post much, but my recent posts have followed up on some due diligence I've been doing with regard to zinc mining companies. As many of you know, zinc prices have been strong lately (closing at $1.02 today according to this link: adn.com, and there have been numerous reports about the supply/demand problems in the zinc market. The problems are good problems - demand is increasing, while new supply isn't coming on line fast enough.

I received some new information from the IR department of a zinc mining stock I own today (I won't disclose which one, but I only own Yukon Zinc - YZCCF - and Canadian Zinc - CZICF) concerning the mining costs per pound of zinc. The IR person suggested that the "low end" of the mining cost curve is that of Teck Cominco's big mines, which are open-pit mines. That cost is about $0.40-$0.45 per pound. So the marginal profit on mining a pound of zinc, all other things being equal now, is about $0.50 on the high end.

Both Yukon Zinc and Canadian Zinc are essentially speculative mining companies with big zinc mines coming on line over the next 12-24 months. Yukon Zinc owns 100% of the rights to the Wolverine deposit, Canadian Zinc has the Prairie Creek mine in the NW Territory.

There's a lot of zinc in these mines. Yukon Zinc estimates that there is 1.7 billion pounds of zinc in the Wolverine deposit. Canadian Zinc estimates (you have to do a bit of math to get this) 2.9 billion pounds of zinc in the Prairie Creek deposit.

Assuming that you can pull out the zinc at a low-end profit of $0.35 per pound (just a guesstimate), you've got profits in the ground for Yukon Zinc of $595 million and $1.015 billion for Canadian Zinc.

Yukon Zinc has 291.2 million shares outstanding (fully diluted), for a per share, guesstimate-of-zinc-profit value of $2.04 per share. It is currently trading at $0.46.

Canadian Zinc has 93.9 million shares outstanding for a per share, guesstimate of zinc profit value of $10.87 per share. It is currently trading at $0.784.

Disclosure - I've already got positions in Yukon and Canadian Zinc. Yukon Zinc has been a double for me and I was over a double with Canadian Zinc before it fell back some. I'm more likely to add to the Canadian Zinc position given the greater disparity of zinc value vs. market cap.

Anyway, if you are thinking about zinc and want a speculative play, here are a couple. You should note that these are pretty speculative plays - they don't have their mines up and running yet. There is a ton of detail on their web sites that talks about their progress, etc., that you should look at. www.yukonzinc.com, www.canadianzinc.com

Feb. 27 2006, 07:20 AM ET members post by VikingFan

Re: Think Zinc, JRW sez ... --

Those numbers look great for Yukon Zinc and Canadian Zinc, but anyone considering those stocks should seriously look at those same numbers for Metalling Mining (MMGG).

Metalline Mining's cost per pound, as a zinc oxide deposit using the Solvent Extraction Electro-Winning (SXEW) process, will be about .10/pound less than sulfide zinc mines, as explained here: metalin.com. So, using the low-end profit of .35/pound for sulfide zinc mines Metalline's profit would be .45/pound.

Metalline Mining has shown in their feasibility study that they have 4.9 billion pounds of zinc: metalin.com.

Assuming the low-end profit of .45/pound (which will rise significantly with the price of zinc), the profits in the ground for Metalline Mining is $2.205 billion, far more than Yukon Zinc and Canadian Zinc combined.

After a recent financing for the completion of the feasibility study, Metalline Mining has about 49 million shares outstanding (fully diluted), for a guesstimate-of-zinc-profit value of $45 per share. It is currently trading at $2.19, for a much larger disparity of zinc value vs. market cap than Canadian Zinc or Yukon Zinc. This article shows how Metalline Mining, even after rallying sharply recently, has a long way to go relative to other zinc stocks to return to its historic relative valuation: greattrades.blogspot.com.

Metalline Mining also has silver and copper. Though they haven't yet defined the silver/copper mineralization they have, they have gathered thousands of silver samples from the historically very rich silver district and should be announcing results soon.

Disclosure -- I've already got a position in Metalline Mining and no position in Yukon or Canadian Zinc. I had strongly considered them, but the Metalline Mining value proved to be even far better than theirs. Metalline Mining has been more than a double for me.

Like Yukon Zinc and Canadian Zinc, Metalline Mining doesn't have their mine up and running yet. They are nearing completion of their feasibility study. Here are a few good articles about Metalline Mining: silverstockreport.com, greattrades.blogspot.com, silverinscripture.com. Metalline Mining's web site is www.metalin.com.