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

To: jack102son who wrote (2192)	10/8/2008 12:06:14 PM
From: TH	1 Recommendation Read Replies (2) \| Respond to of 5637

jack102son, Sometimes we just have to admit we have made a mistake. I only bought more to average down what I now consider an option without an expiration date. I have acknowledged that I have made a mistake. Actually the largest loss I've ever had. Such is life. This is not about the market, or the price of zinc. That has very little to do with the current share price. GT TH

To: jack102son who wrote (2192)	10/8/2008 5:01:21 PM
From: Mr. Aloha	4 Recommendations Respond to of 5637

For every seller, there's a buyer. It's just that in this market, the buyers have been waiting for lower prices and sellers hurting for cash have been willing to sell at the lower prices, taking whatever they can get as the market seems like it will go down forever. If the recession is very long and sends global growth negative despite the longer-term booms occuring in developing countries, MMG can scale back on operations and delay the project. In fact, they've kind of done that already by switching from the old plan, under which the oxide zinc side would have completed feasibility around now and they would have been looking for production financing/getting bought out in the current horrible market. Despite the global slowdown, the zinc market should be much better within a year or two as the supply from the big mines shutting down (along with many smaller mines and projects) gets removed. What matters more for MMG is what the zinc price will be longer term when they're producing. Lower short-term zinc prices actually may be better for MMG longer term as that eliminates more and more future supply as high-cost mines and projects get shut down. Under the new plan, they've suspended spending any money on the feasibility contractors and are instead spending that money on their own inexpensive but very efficient drillers. They can scale back from the 2 shifts on 5 drills if necessary and continue to significantly increase their silver resource. The silver side is being addressed much sooner than it would have been under the old plan, and the transformation to a silver miner could be coming at a great time, as precious metals attract more attention during tough times. The scenario for MMG shareholders remains the same, though delayed by market conditions and the shift from the old plan. IMO, the big profit should come after the completion of the expanded feasibility study, when they likely will get bought out for much higher.