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Gold/Mining/Energy : Silver Bull Resources, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (91)10/5/2006 7:25:00 AM
From: Done, gone.  Read Replies (1) | Respond to of 5637
 
Top of the morning to ya.

The only problem is that small investors do NOT know anything until most insiders finished dumping!

That is what TA is for. When the chart starts screaming about getting out, time get out. Why wait around to hear the blabla that caused the move? Ditto when TA yells about buying.

MMGG is dead money for some time, if not a long time.

Thanks for the tip, but I'll let the chart tell me all about where it goes from here. Up to now, much more reliable.

Have a lovely day.



To: RealMuLan who wrote (91)10/5/2006 12:41:16 PM
From: Mr. Aloha  Read Replies (2) | Respond to of 5637
 
Do you really think the selloff since June amid the whole sector getting slaughtered is because the first hole they drilled on a historic water well site had been mined out?

Their first round of water exploration sounds promising to me:

Our first round of exploratory drilling indicates an area, about 20 kilometers east of the district mines, where a relatively shallow, high quality water supply may be developed. Our next round of exploration drilling will be in this area. We have obtained leases for surface access well sites and pipeline construction in areas where we will be drilling.

For one of the largest zinc mining projects in the world, having to pipe in water is not a showstopper and won't be a significant cost. How many world-class mining projects do you know of that didn't go to production because they couldn't get water or had to pipe it in?

IMO, MMGG is the baby being thrown out with the bathwater amid a sector selloff. It's a tremendous bargain here, and will be much higher in a year and probably starts the reversal very soon if it hasn't already started yesterday.