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


To: E. Charters who wrote (21425)9/19/2006 1:13:30 AM
From: Proud Deplorable  Respond to of 78405
 
beddy bye time for you, you're over tired. I was talking about your OT's not your EVR's which no one told me about anyway.



To: E. Charters who wrote (21425)9/19/2006 8:16:20 AM
From: que seria  Respond to of 78405
 
Thanks for the EVR tip to the board, Eric.
I already owned it when you recommended it, but I'll likely buy more before year-end. I may always own more Virginia, though--can't beat that Eleonore royalty and cash in the till, to go with the nice land package.

I'm wary of how low the resource market may go this Fall, which keeps me from reducing cash right now even as stock prices fall. At potential turning points, such as here, I weigh charts as heavily as junior explorers' prospects. When I note that MMGG has a gap bottom at $1.20, I'm not addressing its fundamentals, which have me owning it. Charting will have me adding shares on a time scale, not just a price scale.

My only FA concern is that the market is voting against paying more now for zinc (and silver) that will be mined well off in the future, for which feasibility and capex remain entirely ahead. Base metal prices will dictate the possibility of most particular mines, and thus the prices of most juniors in MMGG's position. My guess is those prices go lower before they go higher.