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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 (19098)	8/25/2006 9:59:13 AM
From: Mr. Aloha	Read Replies (3) \| Respond to of 78410

MMGG's market cap is well below 2% of the metal in the ground. The 5 billion pounds of zinc is using a 5% cutoff grade. Many other companies' average grade is well below 5%, and MMGG's 5 billion doesn't even count anything under 5%. If they used the same cutoff grade other companies use, it would significantly increase the estimated resource. Even if you use the conservative 5 billion pounds using that 5% cutoff grade, the market cap could still triple and be under 5% of that measured zinc. Add in the big zinc they're drilling out separately and the high-grade silver, and the current price is ridiculous for such a world class deposit in a secure location with great infrastructure well into the feasibility study.

To: loantech who wrote (19098)	8/25/2006 10:11:22 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 78410

- Metal in the ground at 2% of MC? Tom, I think that many base metal plays are valued that way. Look at Candente, for one. It had 4-5 billions pound of copper and I am sure that if we search we will find that this is not the exception. Maybe it is because we are probably at the end of this cycle for base metals and some sort of downard correction is coming. Time will tell.