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

To: marcos who wrote (55031)	1/5/2008 9:23:32 AM
From: Mr. Aloha	Read Replies (2) \| Respond to of 78403

Notice that one of the institutions accumulating Metalline is the "extremely secretive" Renaissance Technologies, with what's "considered in the industry to be the most consistently successful hedge fund, and according to the U.S. Offshore Funds Directory, beats acclaimed investors such as Bruce Kovner, George Soros, and Paul Tudor Jones. Because it is so successful, it charges a 5% management fee and a 44% incentive fee." (http://en.wikipedia.org/wiki/Renaissance_Technologies ) Wow -- I've never heard of a 5% management fee and 44% incentive fee. I thought the 2% and 20% most hedge funds charge was insanely high. It's great that MMG currently has such low institutional interest, as that has a long way to move up as their projects advance (one of the problems Yukon Zinc had last year is they had what they claimed was 90% institutional interest when the stock was $1 last year upon completion of their feasibility study, and now have much less at $0.12 as many dumped after seeing the very high costs). I think the MMG institutional accumulators will increase significantly once they have some information about their mining rate, costs, etc., and once they get some estimates out on their silver. They'll go from being considered a zinc explorer with unknown potential to a near-term producer with world-class zinc production at industry low costs and a huge and growing high-grade silver resource.