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

To: Anchan who wrote (24082)	11/1/2006 2:50:15 PM
From: Mr. Aloha	Respond to of 78419

Yes, that was from the 10q filing for the period ending July 31, 2006: biz.yahoo.com "The Company estimates that completion of a feasibility study will cost an additional $3.3 million and the Company expects that it will take an additional 12 to 18 months to complete." Yes, production for MMGG's a few years off, but it's priced like it's a few centuries off :). Actually, I'll be very surprised if they don't get multiple takeover offers after they finish the feasibility study, especially if zinc is anywhere near the current price or higher. It'll be the biggest proven preproduction zinc project in the world that cash rich majors will be able to buy, and it's in a politically secure area. Thanks for the compliment. When I drummed my drums as a kid, my mom never used those words to describe it...

To: Anchan who wrote (24082)	11/1/2006 4:58:09 PM
From: jackjc	Read Replies (1) \| Respond to of 78419

MMGG mine timing: The economics, including actual reserves, mining cost and capex will be known in as little as 3 months with the mine plan completion. Refining costs need the full fease but they are well known in general. The full fease may well take another 12 mo but could be less. GTI had other projects being finished up but is now full bore on this project. But that is the engineering fease. The banks do the bankable fease. You don't wait for fease completion and then start financing negotiations for a project this size, you have to have sources brought on board early so they can get all necessary info from their bank viewpoint. MMGG is doing this and should have financing arranged successfully right after fease wrapup with a good choice of options as they will be in the zinc catbird seat and a very hot one by this time next yr with users being rationed by the mkt lack of supply. ( per RBC, UBC, Standard Bank metals reports). Mine and refinery construction: 2 to 3 yrs. Good idea to have plenty other near term exp-developers as you say. So many things can chip away and delay a project like this. Appreciate your holding shares in this interesting enterprise as zinc approaches 2.00