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

To: Gib Bogle who wrote (10935)	5/9/2006 8:41:59 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 78419

or PAX?

To: Gib Bogle who wrote (10935)	5/10/2006 12:16:51 AM
From: koan	Respond to of 78419

YZC, I would buy several others before YZC. The market sold it down today on a huge upday. I do not like that. I am buying more UC tmorrow (300 tons per day in 4 months plus a bnch of old silver mines and stokpiled ore and a following(perfect story) and only 34/37 million shares out, otherwise BWR wts, EXN or MAI, or K wts. For speculation I am going to buy a little KXL. What I did today was look for the movers and I will buy them buy them and sell my stocks that are not moving. I did buy more PPG today. For leverqage I still beleive K wts are cheap if gold keeps running and if gold goes to $1,000 they will show the best appreciation except for the rockets like ECU. cheers I own no YZC.

To: Gib Bogle who wrote (10935)	5/10/2006 7:36:18 AM
From: Mr. Aloha	Read Replies (2) \| Respond to of 78419

I wouldn't buy YZC. Their feasibility study revealed horrible project economics with their low annual revenue relative to the capex costs and other costs. With negative NPV's in their base case, I have doubts that they'll be able to get financing for their project. Even their "forward prices" scenarios show a NPV far lower than their market cap (less than 1/20th their market cap using a 10% discount rate), even after yesterday's selloff and even using a 0% discount rate(who's going to give them 0% money?). Even using "current prices," the NPV using a 10% discount rate is less than the current market cap. Maybe someone will give them $155 million for the horrible project returns shown in the study, but I'm not going to pay several times the "Forward Prices" scenarios NPV to find out. I'll let others take that gamble, especially at the current price/market cap. For me, there are far better investments elsewhere. With about 6 times the shares outstanding (fully diluted) YZC still has a market cap about the same size as MMGG's, yet MMGG will likely have about 5 times the annual zinc production, far better project economics, and they could have a lot more silver and copper. They also have a much better looking chart for the long term I'd much rather buy MMGG here than YZC.