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

To: marcos who wrote (191)	11/8/2006 4:43:28 PM
From: Mr. Aloha	Read Replies (2) \| Respond to of 5637

Any buyout offers will be subject to shareholder approval, and, like NovaGold, I don't think a majority of shareholders will approve a buyout offer. It definitely would be better for shareholders for Metalline to go to production alone, and I don't think they'll have any probem getting financing in the current environment. << 5000 divide by 2204.6, that's about usd2.27/lb ... fairly conservative, maybe eh >> Yes, the banks are always conservative with their projections. None of them projected zinc to be anywhere near where it is now. Take a look at this article, saying zinc could be $5 or $6 in a few short years (maybe when MMG's in production): marketwire.com Just imagine if in a few short years, MMG's producing 400 million pounds of zinc a year at a cost of .25-.35/pound, and selling it for over $5 more than that. After a very short paypack period, they could have free cash flow of $2 billion per year. Even assuming 100% dilution to move to production (50 mill. shares f/d goes to 100 milll. shares f/d) or a 50/50 joint venture with a partner providing financing, at just 4 x free cash flow, that would make it an $8 billion company, or an $80 stock. Plus there's all the high-grade silver and separate zinc. If that guy's right about zinc going much higher, the current predictions of $20+ for MMG will look extremely conservative.