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


To: Silver Super Bull who wrote (35399)3/8/2007 4:00:03 PM
From: jackjc  Respond to of 78424
 
But it just got off the BB, just in time for the release from hold
of over 12M sh to work through.

When that is over, likely just about over now, the continued work
on the fease should bring out and make the value obvious.

On the Amex, funds will be able to participate and not be totally
dependent on the retail market.



To: Silver Super Bull who wrote (35399)3/9/2007 11:43:19 AM
From: Mr. Aloha  Read Replies (1) | Respond to of 78424
 
I just have to wonder what is going to cause the market to consistently value the company higher.

I think completion of the mine plan and the feasibility study for the first zinc deposit will make the market consistently value the company much higher. Also, the definition of some of their silver resources should also increase the market valuation. Long-term investors who can hold MMG until they get their first project into production (assuming they don't get bought out first) will be greatly rewarded, as they're likely to be earning annually several times their current market cap, and the market can't ignore that.

What's caused the stock to sell off each year recently has been selling for non-fundamental reasons related to previous financings. The end of these non-fundamental selloffs will allow the stock to move up unencumbered.

I'm not saying the stock won't or can't go higher...just that its failure to do so already is not a favorable portent, IMHO

Despite the seeming inability for the stock to move higher (a perception exacerbated by the skeptics who come out with "I-told-you-so's" on every short-term drop), it made a new all-time high last year, and this recent low is triple the low of 15 months ago and 50% higher than the low of last October. While it's currently well off last year's high, considering the action of other pre-construction zinc juniors and the over 12 million shares recently freed up from last year's financing, it hasn't done too badly.

When the size and economics of MMG's first zinc project are verified by the feasibility study, I think the stock will far outperform other juniors.