Visualizza versione completa : MMGG.OB zinco, argento... Messico...
Altro titolo che beneficiò della "bolla" di inizio 2004... e che è finito nel dimenticatoio...
http://finance.yahoo.com/q/bc?s=MMGG.OB&t=my
http://www.stockhouse.com/bullboards/forum.asp?symbol=MMGG&table=LIST
http://ragingbull.lycos.com/mboard/boards.cgi?board=BB%3AMMGG&origsymbols=mmgg
Una montagna di zinco a prezzi di produzione decisamente bassi...
0,82 dollari x 21,9 milioni di azioni = 17,96 milioni di dollari capitalizz.
4,0396 miliardi di pounds di zinco...
Potenzialmente il più basso costo di produzione nell'intera industria mineraria dello zinco ($0.25/pund., e non $.35/pund che lo standard industriale....grazie ad un rivoluzionario metodo estrattivo.
http://www.basemetal.com/
Per vedere quanto quota oggi lo zinco...
Qui c'è pure un sacco d'argento.... anche se non si sa bene quanto...
Zinc & Silver in Mexico: Sierra Mojada. Sierra Mojada is a Silver District!
"The Sierra Mojada Property has produced in excess of 10 million tons of high-grade ore that graded in excess of 30% lead, 20% zinc, 1% copper and 1 kg (31 ounces) silver per ton that was shipped directly to the smelter. The district has never had a mill to concentrate ore. All of the mining was done selectively for ore of sufficient grade to direct ship; mill grade ore was left unmined."
(That's 310 million ounces of silver. Who knows how much silver is left?) That's the question with an explorer.
http://www.metalin.com/
Confrontate un attimo con SRLM ;)
http://finance.yahoo.com/q/bc?s=MMGG.OB&t=1y&l=on&z=m&q=l&c=srlm.pk
Su http://www.basemetal.com/ vi sono i prezzi per tonnellata...
Dunque lo zinco è a 1715 US$/ton...
Una tonnellata sono 2204,62 pound.... siamo all'incirca a 0,78 US$/pound.
(0,78 - 0,25) x 4,0396 miliardi = 2,14 miliardi di profitto potenziale per 17,96 milioni di dollari capitalizzazione.
Follia ?
Nessun commento ???
world che vuoi che ti dica ... mi hai già convinto prima di leggere tutto :D
mo vado a vedere meglio gli allegati e domani, se è tutto argento quello che luccica, provo a comprarne un pò
grazie ancora per la tua professionalità :clap:
Beh... sperem... i numeri ci sono... mi sembra un'altro titolo da esaurimento nervoso prima che si schiodi... (se).
Ma io sono un fondamentalista... e qui di fondamentali ce n'è...
Beh... sperem... i numeri ci sono... mi sembra un'altro titolo da esaurimento nervoso prima che si schiodi... (se).
Ma io sono un fondamentalista... e qui di fondamentali ce n'è...
fondamentali o no intanto rimbalza sul minimo 0.80 e fa + 6%
zio povero sono ancora fuori ... iw non me le ha ancora inserite :wall:
Di nuovo a 0,80 ...
sono anche qua ... peccato esordire con un -5%, ma ho sempre fiducia, sperando che non buchi .80 :censored:
1,07... un buon 30% dai minimi... quando l'ho segnalata... comincia a carburare...
1,07... un buon 30% dai minimi... quando l'ho segnalata... comincia a carburare...
ormai ho + miniere che futures :D
grazie Worldlove :clap:
Monday, January 02, 2006
Metalline Mining (MMGG) for the long term
Zinc Overview
From the Metalline Mining Web site (http://www.metalin.com/zinc_solvent.html) :
“Zinc is one of the most useful and essential metals. Zinc's primary use is corrosion protection in the galvanized steel industry. The recycle life of galvanized steel can be up to 100 years and the added cost is justified by decreased maintenance cost over ungalvanized steel.
The largest use of galvanized steel is in the automobile industry and in commercial and residential construction. Construction is zinc's fastest growing sector where it is used, for Structural support, as galvanized electric power, microwave, cellular and other towers, steel beams, floor joists, studs and trusses and it is used in ductwork, roofing and decorative interior and exterior covering.
Die cast zinc parts are used in automobiles, appliances, tools and computers.
Zinc alloys with copper, tin, lead, aluminum and magnesium are used in the construction, automotive, electrical and consumer products industries. Other zinc uses are in batteries, tires, rubber goods, paint pigments, ceramic glazes, cosmetics, pharmaceuticals and chemicals.
Zinc is an essential nutrient for all life, plant and animal and is used in the food industries, nutritional supplements, animal feed and fertilizers.
Zinc consumption has grown dramatically over the past 30 years and continues to increase and new uses for zinc are being developed. Zinc fuel cells are under development for generating electricity and could create significant new demand.”
Zinc Supply Gap
Following several decades of ample zinc supply, a major supply gap is developing in the zinc markets that will likely have a profound impact on future zinc exploration and mine development (from http://www.yukonzinc.com/zincMarkets.htm):
China has been a main driver behind the supply gap, as they’ve gone from a major exporter of refined zinc to a major net importer in 2005.
As you can see from the below chart, the London Mercantile Exchange Zinc Warehouse Stocks Level decreased by over 37.5% in 2005, indicating the zinc shortage is getting worse quickly (live zinc charts at http://www.kitcometals.com/charts/ZINC_historical.html):
As the zinc supply shortfall worsens and inventories continue to decline, the price of zinc increases. You can see from the below chart that the price of zinc has more than doubled in the last 18 months:
Unlike other commodities, there are few giant zinc deposits in inventory to fill the gap due to depletion of reserves during the past several years of low zinc prices. While old reserves get depleted, no new large zinc mines are set to come into production in the next two years.
Metalline Mining Zinc
The Skorpion mine in Namibia, Africa, is the 8th largest zinc mine in the world. In 2003, the Skorpion mine became the first mine to use the Solvent Extraction Electro-Winning (SXEW) to produce refined zinc from oxide zinc. The cost of producing refined zinc by SXEW is $0.25 per pound, a 30% advantage over the rest of the zinc industry, which produces zinc from a sulfide concentrate through the smelter process at a cost of $0.35 per pound. This new technological advance has made Skorpion the world low cost zinc producer.
Using the same SXEW process as the Skorpion mine, Metalline Mining’s Sierra Mojada mine in Mexico could be one of the world’s 10 largest zinc mines and one of the lowest cost producers (and possibly the lowest cost producer). With a similar cost to Skorpion’s $0.25 per pound, Metalline would have a margin of over $0.60 per pound at the current zinc price of over $0.85 per pound ($0.85-$0.25=$0.60). With the price of zinc likely headed much higher given the aforementioned supply gap situation, the profit potential for Metalline’s zinc reserve is enormous.
Feasibility Study
After discovering mineralization and doing extensive drilling to show the presence of enough marketable metals to move forward, mining companies go through a feasibility study, a process to define the metals reserve (metallurgy), define the costs and profitability, get regulatory approvals, and design the mine (and refinery/extraction plant in cases where that step is included). The feasibility study provides the extensive proof that the mine will make money, and is used for financing to go into production. Typically, this financing comes from a takeover by a major mining company, a joint venture with such a company, or a combination of bank debt financing and equity financing.
Metalline Mining began the feasibility study process about a year ago, proving they had over $4 billion of Zinc earlier this year in the metallurgy portion. The feasibility study has stalled in recent months because of a lack of funding, which Metalline is addressing with the current private placement. Once the financing is complete (likely in the next couple of weeks), the feasibility study should be complete within 9 months to a year. The cost of building a mine and extraction plant is likely to be in the $250 million to $400 million range.
To conduct the feasibility study, Metalline selected Green Team International (GTI), the same company that conducted the feasibility study on the Skorpion mine. GTI designed, supervised the construction, and operated the Skorpion mine and extraction plant through initial production and until the mine and plant were at 90% capacity. Given Metalline's plan to use the same efficient, cost-saving process as Skorpion, GTI was the perfect choice.
Once the company raises the money required to complete the feasibility study, most of the risk for MMGG will be gone. The remaining part of the feasibility study is mostly defining the costs and profitability. Once that’s complete, virtually all the risk will be gone, and MMGG will likely have several takeover bids to fall back on as the worst-case scenario, with the most lucrative path to move to production with debt and equity financing (at a much higher stock price). Skorpion was bought out by Anglo American (AAUK) at the completion of their feasibility study, resulting in a huge profit for Reunion Mining shareholders even though the price of zinc was near a bottom, much lower than current prices. Anglo American is one likely bidder for MMGG at the completion of the feasibility study.
Valuation Based on Zinc Alone
With nearly 5 billion punds of zinc, a $0.60 per pound margin would mean nearly $3 billion of gross profits for Metalline Mining. Even if the initial costs are in the $400 million range for the mine and extraction plant and you discount heavily for the approx. 3-year wait to get into production and the profits coming over 10-12 years, MMGG is still extremely undervalued at its current market cap under $30 million. Earnings per year once in production should be several times the current market cap. Metalline's zinc reserve alone is worth over 100 times its current market cap.
Company insiders, recognizing the long-term value, have bought MMGG shares between $1 and $1.66 over the last few years, and none of the current management has sold.
Any way you look at it, MMGG is severely undervalued based on the zinc opportunity.
Private Placements Depress Share Price
Metalline Mining initiated a private placement at $1/share over 2 years ago to raise capital for the reserve definition and feasibility study. Many of those private placement investors sold their shares as the lockup expired beginning in late 2004, pressuring the stock price over the last 15 months. Despite the fundamentals improving dramatically since then, with the price of zinc nearly doubling along with the successful completion of the metallurgy portion of the feasibility study, the stock price has lost most of its value from over $3 in October 2004 because of this selling.
Early in 2005, Metalline Mining attempted to finance the rest of the feasibility study with a private placement at $1.50 per share. However, the aforementioned profit-taking investors and big investors who wanted to get private placement shares cheaper sold, pressuring the stock down to $1.50 after starting the year at $2. Metalline was forced to lower the private placement price to $1.125, after which the stock again sold down to the private placement price. Big investors insisted on a still lower price for the private placement, so the placement price was lowered to .80, with a $1.25 warrant. Yet again, the stock sold down to the new private placement price, as investors sold their old shares to get the new shares and the warrant. Now that the private placement is coming to a close, this selling pressure along with tax-loss selling has decreased. This private placement should get them through the rest of the feasibility study.
Rally Last Week on Big Volume – Buy Signals
With zinc hitting a 16-year high, other zinc exploration stocks like Canadian Zinc and Yukon Zinc have run up over 75% in recent weeks on big volume. MMGG had been lagging because of the aforementioned reasons, but finally began to join the zinc stock rally last week. MMGG rallied 22.5% last week from a 6-year low on the highest volume since it hit $3.28 on October 1, 2004, even though it was a holiday-shortened week and some investors must have been tax-loss selling into the rally.
Last week’s rally triggered some technical buy signals on the MMGG weekly chart:
With the volume increase and accompanying price increase, an On Balance Volume (OBV) buy signal was triggered last week. You can find out more about OBV here: http://stockcharts.com/education/IndicatorAnalysis/indic-obv.htm.
After months of bullish divergence between MACD and the stock price, with the MACD increasing from its summer low while the price continued lower, MMGG also finally broke out of its 15-month downtrend channel last week. This break from the channel triggered a Parabolic SAR buy signal. You can find out more about Parabolic SAR here: http://stockcharts.com/education/IndicatorAnalysis/indic_ParaSAR.htm.
These technical analysis buy signals indicate that MMGG has seen its bottom and is likely to continue higher in coming weeks and months.
Metalline Mining Silver/Copper
In addition to the zinc reserve currently in the feasibility stage, Metalline Mining also has high-grade silver and copper mineralization on the North side of its Sierra Mojada property. Metalline’s Sierra Mojada property has very unusual geology (http://www.metalin.com/geology.html), with 2 distinct mineral systems: high zinc mineralization on the South side of the Sierra Mojada fault and high silver and copper mineralization on the North side. Over 5000 samples had been collected from the North side through 1999, indicating very high grade silver and copper mineralization. In 1999, with the positive feasibility study from Skorpion, Metalline shifted its focus to the enormous potential of its zinc mineralization, putting the silver/copper exploration on hold.
With GTI hired to do the feasibility study, Metalline staff has been able to again give the silver/copper mineralization some attention. Over 2000 new samples have been collected, the results of which should be available shortly. If the results continue to be good, the silver/copper side of MMGG could have as much or more potential than the zinc side. Up to this point, Metalline had not actively promoted the silver/copper side of their property.
Future Plans
Metalline management recognizes that there are two areas that need improvement. First, as a bulletin board stock, they’ve had difficulties attracting big investors, many of whom won’t invest in bulletin board stocks. Look for them to pursue a Toronto or Amex listing, which would give them more credibility and open up doors to a high number of large investors. Secondly, look for them to significantly increase the marketing and PR efforts, possibly hiring a PR firm or two to help them in that area. The lack of news and promotion combined with the private placement sellers hurt the stock last year.
Conclusion
Given the extremely low valuation versus the enormous zinc opportunity, MMGG, trading at less than 1% of the proven value of their zinc reserve, should be several times higher after they complete the feasibility study. If the results from their recent silver/copper sampling continue to be positive, that will also help the stock move significantly higher. At the current level under $1, MMGG looks like a steal, and anything under $2 also looks like a great value with huge upside for the long term.
posted by aloha # 10:28 PM
Comments:
great analysis! i've always been a big fan of MMGG, and consider it one of the most underappreciated metals exploration stocks out there.
i fully agree that the artificial pressures on the stock have created a rare buying opportunity. resource investor should definitely have this one in their portfolio. while it will take time for things to come to fruition, note that the period leading up to publication of a feasibility study is usually a great period to own the respective company's stock - it often produces the first major upleg.
# posted by pater tenebrarum : 7:45 AM
http://greattrades.blogspot.com/2006/01/metalline-mining-mmgg-for-long-term.html
Grande analisi... andate a vedervi anche i grafici... nel link.
ho faticosamente letto l'analisi :D
sono estasiato ... credo che questo titolo mi farà superare i miei precedenti record di gain azionari :D :D :D
In effetti è incredibile.... e pensare che c'è gente che mette i soldi in Tiscali... o Telecom
In effetti è incredibile.... e pensare che c'è gente che mette i soldi in Tiscali... o Telecom
hemm tra le mie performance migliori (+1000%) c'è appunto tiscali presa in collocamento :D :D :D ma erano altri tempi
Cogliere lo spirito dei tempi è tutto x un investitore...
Notte...
Da paura ancora un +10% :eek:
Ne ho prese un bel pò (per essere un ob)... però azz... prossima fermata 2....
Azz... che fiammata... poi ha ripiegato per chiudere comunque con un rispettabile guadagno a due cifre...
1.24 - 1.30 sembra si stia un pò tranquillizzando...
Picco a 1,50.... il Silver sta esplodendo :D
sembra la festa dell'uva ... :D
Silver a 9,66... altra giornata a razzo...
altolivello
27-01-06, 11:19
Shares Outstanding: 19.93M
Market Capitalization: 19.93M at $1/sh.
Outstanding Debt: 13.68k
Total Cash on Hand: 590.21k
Before going any further, it is necessary to briefly outline the history of the company, in order to
understand certain value calculations, and some of the risks involved.
Metalline Mining is still in the exploration stage, though they are well on their way towards the
completion of their feasibility study. Once the study is completed, construction of the mine can
begin which will one day be able to exploit the prolific silver, zinc, copper, and lead deposits in the district of Sierra Mojada pictured below. Located in the state of Coahuila, Mexico it consists of
concessions that total 7108 hectares (17,563 acres).
Since the turn of the 20th century, large amounts of high grade copper and oxide zinc
mineralizations have been discovered. Such high grade deposits, in fact, that in the history of the
district there has never been the need for a mill to concentrate lower grade mineralizations! In
other words, this is some 'rich' property.
Since acquiring concessions in 1997, Metalline Mining has conducted extensive exploratory
survey and drilling programs.
The most recent drilling program which began in January of 2004, has since been evaluated by
Reserva International. The results showed that using a 5% cut off grade (using grades greater
than 5%) and with blocks of 5 meter dimensions, there would be an "estimated 17,926,988 metric
tons with a grade of 8.78% zinc for the Iron Oxide Manto and 5,431,050 metric tons with a grade
of 12.08% zinc for the Smithsonite Manto".
Based upon these results, Metalline has since commissioned a feasibility study through Green
Team International. The expected is cost is $5 million. GTI was chosen partially due to their
experience conducting the feasibility study on the Skorpion mine, which is currently the only mine
in the world extracting Super High Grade zinc (99.995% zinc) from zinc ore using the solvent
extraction electrowinning process. This process, also to be used by Metalline, allows for a 30%
lower cost/pound of extracted zinc than when using the usual pyrometallurgical process ($.25 vs.
$.35). The Company anticipates that by using this newly discovered technique, that Metalline has
the potential of becoming a world premier zinc mine. In fact, the president of Metalline made the
statement that if electrowinning is capable of being used in the Sierra Mojada district, then
Metalline could become “one of the largest zinc mines and one of the lowest cost producers in the
[worldwide] zinc industry.”
Using the results of the study begun in January 2004 (remember, this is deals only with the oxide
zinc mineralizations), there are about 18M metric tons of 8.78% zinc and about 5.5M metric tons of 12.08% zinc.
.0878 (grade %) x 18M (# of metric tons)=1,580,400 metric tons of zinc and
.1208% x 5.5M metric tons = 664,000 metric tons of zinc.
Together the total sums up to 2,244,800 tons of zinc in the 2 explored areas of Sierra Mojada.
With the estimated production cost of $.25/lb zinc and the current market price of $.64/lb,
Metalline would command a profit margin of $.39/ton.
The mining infrastructure Metalline plans on building within the next 2-4 years, would extract
180,000 metric tons of zinc metal annually.
One metric ton is equal to 2,204.622 lbs., therefore, this equates to the production of
396,831,960 lbs. zinc annually.
Multiplying this number by the profit margin of $.39, yields the staggering amount of
$154,764,464.40 profit per year.
Dividing 2,244,800 (the total amount of zinc in Sierra Mojada) by the amount of zinc annually
extracted gives more than a 12 year lifespan for the mine.
Using a conservative P/E ratio of 10, we find that $154,764,464.40 x 10= $1,547,644,644. This is
the potential future market capitalization of Metalline Mining Co. Currently, Metalline's market cap is less than $20M.
Such a Market Cap would dictate a price/share of $77!
Even if the stock to be diluted beyond the level currently allowable, and 80M more shares were
issued in order to raise the costs associated with building the mining infrastructure ($250M), this
would still yield a price of about $15/share. Indeed, even if the stock were diluted to 300M outstanding shares (something extremely unlikely as financing should easily be completed at a much higher price than $1/share), the price should settle around $5/share.
None of these calculations even begin to consider the large high grade silver and copper deposits
present within the district. Also, these evaluations only account for the 1st year of production,
meaning the share price should continue to rise significantly every year thereafter.
Finally, Metalline Mining is of the opinion that there is exploration potential beyond what has thus
far been discovered in the Sierra Mojada Project, meaning that the growth of the company's
assets would continue even while the mine was in operation. And once in operation, presumably
making presumable over $100 million profit every year, Metalline would never again need to dilute the share count in order to raise the funds necessary to exploit these new mineralizations.
Part 2: More Production Soon, or Zinc Prices Go to the Moon!
Altolivello è un onore averti qui... che ne dici di questa piccolina ?! :D
Here’s why you will make a fortune on zinc.
Silver Stock Report
by Jason Hommel
January 28th, 2006
I’m so excited! I’ve had a revelation! An epiphany! A Eureka moment! I looked at the zinc leverage of MMGG, especially in light of expectations of higher zinc prices, and I tried to quantify that, and oh what a revelation!
Metalline Mining (MMGG.OB)
http://www.metalin.com/site_map.html
19.8 million shares fully diluted
(plus a $4-8 million financing just completed, not sure how many more shares.)
(I’ll estimate 15 million more shares fully diluted)
I’m guessing: 35 million shares fully diluted.
@ $1.77/share
I’m guessing: $62 million Market Cap
4.9 billion pounds of zinc resource
To produce annually: 398 million pounds of zinc.
(MMGG needs to raise about $300 million to build the mine.)
$62 million Market Cap / 4900 million pounds of zinc = $.0126/pound
You get 82 pounds of zinc in the ground for 1 pound of zinc’s worth of shares.
That’s way more leverage than we get in most silver stocks! The best silver stocks provide about a 30 to one leverage. Why is the zinc in the ground so much cheaper? Because there are gold bulls, and there are silver bulls, but I don’t think there are very many zinc bulls! Who runs a “zinc stock report”? I realized that these other metals were badly neglected by investors and analysts and newsletter writers when I did a full analysis of my moly stock, IGMI.
Sure, the mining gurus are generally bullish on commodities, as am I, but I’ve not seen anyone do the following type of analysis, as I’m going to share with you.
Now, the SEC forbids mining companies from making projections on assuming higher commodity prices. It’s insane that they prevent the mining companies from showing you basic seventh grade math, but you and I can do it legally, just fine.
Yesterday, I quoted several executives of major mining companies, one from the number two zinc producer in the world, who predicted that zinc prices will rise for the next 2-3 years, since no new major zinc mines can come online and become operational in that time frame, and many existing mines are closing. Sounds logical and realistic, and I agree. But what does that mean? Unless we quantify it, and “count the cost”, that’s just fuzzy thinking. So, what price may zinc rise to? Will zinc rise from $1.04/pound today to $1.50/pound next year? Or are we talking much higher here?
Here’s my thinking: I believe it’s possible for zinc prices to increase well beyond $2/pound--even up to $3.50/pound. Here’s why & what that will mean:
Zinc is a minor ingredient in galvanized steel (3% by weight on average), used to prevent rust, and is absolutely necessary in many, or most applications. Absolutely necessary. And a minor cost. Let those two concepts sink in: necessary & cheap.
It’s like silver, or uranium. Silver is used in tiny quantities in industrial applications in electronics because silver is the greatest conductor of electricity, and thus, absolutely necessary! Furthermore, a significant rise in silver’s price will not reduce demand, because the end product is so very much more expensive than the silver used. And uranium is absolutely necessary to fuel a multi billion dollar nuclear reactor, and those people who run it will buy all the needed uranium, regardless of cost.
Here’s an analogy. Steel is somewhat like a cookie recipe. It may cost $10 to make a batch of cookies. But one vital ingredient may cost $.20, such as the salt, or baking soda, which is like the zinc. Who cares if the price of that tiny, but vital, ingredient rises 10 fold, to $2--you are still going to use it to make the batch of cookies. But cookies are not as necessary as steel!
Likewise, regardless of the price of zinc, it will be used to make stainless steel that does not rust that is needed for things like cars, kitchen knives, and who knows what else.
Think about this: the world could sustain oil prices going from $10/barrel to $70/barrel. Hey, the inflation adjusted high of $43/barrel from 1980 is a whopping $240/barrel! And oil is the largest commodity there is in terms of its cost. For every $100 spent on commodities, probably $35 is spent on oil. Surely, the wheels of the world economy will not fall apart if tiny little zinc rises ten fold from the low of $.35 to $3.50/pound.
And if oil can rise nearly 20 fold, zinc can rise 40 fold, but let’s not go there.
Here’s another key point: Several other minerals needed in steel have risen about ten fold already, such as molybdenum and cobalt. I know of only two other commodities that have risen as much, selenium and iridium. So, 2 out of those 4 are used in steel. Pause, and let that sink in.
Zinc is clearly headed up next, due to China’s increasing demand for steel—and this all helps to explain the parabolic price curve in zinc that we are now witnessing.
And I’m sure there may be short covering of futures contracts, too, just like there will be in silver!
So, what does that mean for little zinc explorer/developers like MMGG, that are highly leveraged to rises in the zinc price? Oh boy, this is what had my head spinning. Are you ready for this?
MMGG can produce 398 million pounds of zinc per year, at $.25/pound, which is the lowest cost in the industry due to the new zinc/oxide electrowinnowing process.
Imagine a profit of, say, a conservative $2/pound, times nearly 400 million pounds produced each year. That’s $800 million profit per year. MMGG could have a market cap of nearly $8 billion (or more), up from under $80 million today. MMGG is a stock that could rise nearly 100 times in price!
The world is geared to overlook such opportunities, partly because of laws that prevent companies from showing you such math, but also because so few people truly understand the ramifications of hyperinflation taking place right at the beginning of a major commodity boom. Hyperinflations always cause major price distortions at the edges of an economy in those “essential and overlooked things”.
Furthermore, zinc is not glamorous like gold or silver. But great fortunes were made in commodities during our industrial age, in steel and oil. And this industrial age is bigger than any before ever in history!
But just like little silver is geared to outperform gold, little zinc is geared to outperform iron.
The best part is that God saw fit to put silver and zinc together in many deposits on earth.
Since silver prices are too low, that means that less zinc is produced as a byproduct of silver mining, and this is helping to create the opportunity that exists today.
So, what are the drawbacks and dangers that may prevent us from reaping 100 fold gains? I think the biggest danger is hedging. If a company, such as MMGG, decides to hedge, or pre-sell, the zinc production, at, say $1.50/pound, to borrow money to finance a mine, but hyperinflation takes zinc prices up to $3/pound or well beyond as dollars become worthless, then bankruptcy is a real risk. If you own stock in MMGG, I strongly urge you to contact Merlin, the president, and urge him to avoid hedging at all costs! It will be easier to convince a man now, than later down the road.
Any hedging during hyperinflation is like giving away your birthright for a bowl of soup.
Industrias Penoles recently hedged zinc at $1000/ton, and zinc is now over $2,000/tonne! Oops, they just destroyed shareholder value!
Another thing that might prevent MMGG from rising 100 fold, ironically, is higher silver prices! What? Yes, because as silver prices rise, more silver mines will go into production, and since zinc is a natural byproduct of many silver deposits, more zinc will be produced. But this is a wonderful problem for the zinc/silver companies like MMGG to have! As one man once said to me, “You mean this danger can actually make me more money? Great!”
I do not know which will continue to go up in price further and faster, silver or zinc. Currently, zinc is outpacing silver, and both still need to catch up to oil’s gains. When I heard the zinc story in the past, I always ignored it. I thought, sure, zinc is necessary, but so is silver, but silver will have monetary demand, and nobody will buy zinc to use it as money. But that does not matter, because I’m not advocating the purchase of physical zinc! The beauty of zinc is that zinc is overlooked by the equity investors, and that means that with zinc exploration companies, the leverage is that much greater, even for modest price rises in zinc. I’ll never stockpile zinc, but I will make a pile of money from my silver/zinc stocks—and if things go as I expect, I’ll use the profits to add to my stockpile of silver!
Currently, I think Metalline is the best zinc/silver company that I know of at current share prices. To find other silver/zinc companies, search for “zinc” in my last silver stock report, #57, from July 2005, at the archives at my web site.
Final Disclaimer: I currently own Metalline, and nobody has paid me to write this.
Sincerely,
Jason Hommel
silverstockreport.com
bibleprophesy.org
Excerpt from my article: Bible Verses on how to Manage Money
http://www.bibleprophesy.org/goldismoney/biblemoney.html
The borrower is the servant to the lender. Therefore do not lend, lest you enslave someone. And do not borrow and enslave yourself. No man can serve two masters, God and mammon. So, how could you enslave yourself with debt, and become a servant of money? If you are in debt, you must "service" the debt, and the borrower is the servant to the lender. Be a servant to God alone, not to money, not to the lenders. Make your money serve you, don't serve the money you have spent to excess that did not belong to you in the first place.
Proverbs 22:7 The poor are ruled by the rich, and those who borrow are slaves of moneylenders.
Matthew 6:24 You cannot be the slave of two masters! You will like one more than the other or be more loyal to one than the other. You cannot serve both God and money
1 Corinthians 7:23 God paid a great price for you. So don't become slaves of anyone else.
Don't be a slave to debt. Be free. Declare your freedom. You are allowed, by God, to declare your freedom once every seven years. Debts are not meant to be carried for 30 years, but only for a maximum of seven. It is not dishonorable to declare your freedom (through bankruptcy). It is especially not dishonorable when fraud, (unjust weights and measures) are used to enslave you to debt.
Deuteronomy 15:12 If any of you buy Israelites as slaves, you must set them free after six years.
Jeremiah 34:14 As part of this agreement, you must let a Hebrew slave go free after six years of service. Your ancestors did not obey me...
Modern math, compounded interest, which you can do on an Excel spreadsheet, shows that usury leads to slavery.
If you invest a single ounce of gold, and invest it for 6000 years, since the time of Adam, you can see the truth of usury. You can grow an ounce of gold into 6 billion ounces of gold (which is more gold than has been mined in all of human history) at a mere 1/4 of 1% rate of interest! And if you grow from an ounce of gold at 2% for 6000 years, then all the atoms of the universe would all be gold, and it would all belong to you. Therefore, it is impossible for extremely large money to grow more than 1/4 of 1% per year. And if it does, it will have corresponding years of losses to make up for it, because no man can own all the gold in the world. But small amounts of money can grow at extremely fast rates: you can buy a can of coke for 50 cents, and resell it for a dollar in one day to make a 100% return.
Acorns can grow into big oak trees, but oak trees do not grow to the moon.
Interestingly enough, this topic ties directly into the dangers of hedging. Hedging is actually worse than debt in a hyperinflation.
Many people have recently emailed me, asking questions about my views on usury. Please see the following two articles:
Usury Enslaves - 19 January 2004
http://www.silverstockreport.com/essays/Usury_Enslaves.html
Freedom from Usury - 23 January, 2004
http://www.silverstockreport.com/essays/Freedom_from_Usury.html
altolivello
28-01-06, 11:50
Altolivello è un onore averti qui... che ne dici di questa piccolina ?! :D
ciao carissimo,,,,
questa picciotta e' una gemma che ancora deve mostrare il suo valore,,,
gli azionisti che hanno finanziato il piano di trivellamento alla ricerca di metalli preziosi sono dentro al prezzo medio di 1,50 dollari,,con punte a 1,61 cent
non sono ancora usciti,,,,,
la prima fase e' andata a buon fine,,,hanno trovato zinco purissimo e argento con rame,,,
la fase vera di affermazione della picciota ancora deve venire,,,,,
per essereconservativi i 5-6 dollari sono tranquillamente alla sua portata,,,,
poi se l'argento andra' su come pare che voglia accadere,,,
i target potrebbero realmente essere molto ambiziosi,,,,
non e' un titolo da day trader ovviamente,,ma da cassetto,,,,
a questi prezzi credo che il rischio sia molto limitato,,,
io son entrato a 1,40 cent,,,,poi dopo ho letto il tuo 3d,,,,
cmq vi e' anche il piano di quotazione all'amex,,,per mmgg,,,,
ti abbraccio,, OK!
altolivello
30-01-06, 16:21
sempre piu bella,,,,,
chiuso con un + 175 % :eek:
grazie worldelove :clap: :clap: :clap:
scherzavo tengo tutte e cerco di non pensarci :wall: :D :yes: OK!
Ho perso la password del mio tol... non posso vendere... :D
Ueee ma com'è che non aumenta il mio livello di popolarità ?!? ;)
Ueee ma com'è che non aumenta il mio livello di popolarità ?!? ;)
non so perchè ma non me lo fa fare ... consideralo altissimo :D
Oggi ripiega -5% ... in compenso MGN finalmente si schioda di un +5%... :D
Giornataccia... -9% però quello che conta è l'amore ;)
Argento a 9,90... la gallina canta... uhmmmm .... i 10 sono una bella barriera psicologica ... vediamo un pò ...
Lo switch mentale da fare è che l'argento è danaro... e non la cartaccia verde.
Il prezzo dell'argento presto diventerà un tasso di cambio...
2,22 $
la terza sorella è immobile :specchio:
:D
Silverozzo oltre i 10 US$
2,82 dollari
:D Commenti ?!
Oltre il 250% dalla mia segnalazione... :D
:D Commenti ?!
Oltre il 250% dalla mia segnalazione... :D
come scritto in precedenza lo considero un titolo da oltre + 1000%
fino a quando il silver sale / mantiene i 9 dollaroni lo tengo
che tutto rema a nostro favore ...
chiaramente a obbiettivo raggiunto una cena te la posso offrire :D
grazie ancora :bow:
ps da un pò non scovi + titolozzi fantastici ... per ricambiare ti do i miei 2 ultimi acquisti: banca popolare materano e bipielle investimenti, le 2 banche + sottovalutate in italia OK!
:D Commenti ?!
Oltre il 250% dalla mia segnalazione... :D
:bow::bow::bow:
Ci son salito un po' più tardi, ma va bene lo stesso...:D
Grazie MAX.... lasciamo correre i profitti... pure oggi non male... MGN e MMGG.OB soprail +5% .............
:D
Per la cena al +1000% ci sto.......
Bisogna resistere alla tentazione... di realizzare...
Bisogna resistere alla tentazione... di realizzare...
se proprio non resisti alleggerisciti un cip ... tanto per sentirti poi libero di proseguire fino a +1000 OK!
2.63 ... con il silver che sembra resistere sopra i 10...
Dobbiamo abituarci a vederlo a due cifre...
FANTASTICO !!! ETF sull'argento approvato !!!
The Silver ETF was Approved!
http://tinyurl.com/emt2y
NY silver sprints to 22-year high on ETF ruling
Tue Mar 21, 2006 12:21 PM ET
NEW YORK, March 21 (Reuters) - U.S. benchmark silver futures shot to a 22-year high on speculative buying on Tuesday after the U.S. Securities and Exchange Commission approved rule changes for a silver exchange-traded fund.
Silver for May delivery <SIK6> at the COMEX division of the New York Mercantile Exchange had surged [to] $10.55 an ounce, up 16.8 cents -- the priciest for futures since late 1983 -- by 12:13 p.m. EST.
The SEC said it has approved rule changes that will allow the American Stock Exchange to list shares in Barclays Plc's <BARC.L> iShares Silver Trust, which is designed to track the price of the metal. [ID:nWBT005013]
------------------
My comments: I do not yet know if this Silver ETF is yet trading. Keep watching the news.
The iShares are [to be] listed and trade on the American Stock Exchange (the “AMEX”) under the symbol “SLV”.
It was feared by the Silver User's Association, that this Silver ETF would create a silver shortage, since up to 130 million ounces of silver were supposed to be purchased to back the Silver fund, and, in theory, that could create a silver shortage, since the NYMEX commodity exchange has barely over 100 million ounces of silver.
See:
Silver Users Fear Silver Shortage
http://silverstockreport.com/silvershortage/
and
Nymex Silver Warehouse Stocks
http://www.nymex.com/sil_fut_wareho.aspx
But there is another source for silver.
It is possible that Warren Buffett's Birkshire Hathaway's 129.7 million ounces of silver have been used to back the fund. And thus, no immediate silver shortage may result. Nevertheless, silver prices did rise to a new high today of $10.55/oz. briefly on the news of the approval of the Silver ETF.
Regarding Warren Buffett's silver, I can only speculate. But as a silver writer, I hear things, and can speculate, and so I will.
I have heard from several reliable sources over the years that Warren Buffett was prevented from buying any more than the 129.7 million ounces of silver he acquired for his fund. I heard that the U.S. government basically told him, "You can't buy any more silver. We won't let you. You may win the battle on silver, but your other insurance businesses that require licenses, will be revoked, and you will lose the war if you go to war with us on this." One source was a merchant banker who contacted Warren Buffet's people for the purpose of trying to convince Warrent to buy gold stocks, back in about 2000. Another source is a prominent newsletter writer that I follow. And I've heard the same thing from other sources, too.
Other particulars about Warren's silver are that it is stored in London, and that he was not able to receive full delivery of all of his physical ounces of silver. He didn't exactly lease out the silver that he never received, but he did allow those who had shorted him the silver, more time to deliver, which is something similar.
I do not think that Warren sold his silver, since he said, at the time, "equilibrium between supply and demand was only likely to be established by a somewhat higher price"
http://www.berkshirehathaway.com/news/feb03981.html
Supply and demand in the silver market have not yet reached an equilibrium, especially not now that investors are just beginning to become aware of the silver shortage, so there is no reason to suspect that some of Warren's silver has been sold nor any reason to think it may be sold any time soon, even if it is used to back the Silver ETF (and both items are pure speculation).
But there is a good reason why Warren Buffett may have lent some of his silver to help establish the Silver ETF--for reasons other than selling it (which does not make sense to me). First, the Gold ETF's were put into place by the former head of Calpers, which is the California Public Employee's Retirement System. This is important to note, because many funds like Calpers, which has about $200 billion to manage, need something like a Gold ETF in order to buy gold. Further, Warren Buffett is also friends, and economic advisor, to the Governor of California, Arnold Schwarzenegger, so it could be that Warren Buffett himself is a guiding force behind the establishment of the Gold and Silver ETF's, if only in an advisory sense. Even Warren's public statements, condemning derivatives, are a type of support for the gold and silver ETF's.
My point is that if Warren used some of his silver to back the Silver ETF, he may have done this for a good reason: to help other large funds, like Calpers, buy silver! The point is that a Silver ETF has a legitimate reason to go into the market to acquire more silver for the fund, whereas Warren Buffett (and Birkshire Hathaway) may be blocked from buying any more silver.
So, my conclusion is that the approval of the Silver ETF may not cause an immediate shortage in the silver market by the time it starts trading on the AMEX, under the symbol, "SLV". But longer term, say, in the next year or so, we should expect silver prices to rise significantly, as $200 billion dollar funds like Calpers (and thousands of other such funds), finally have a way to buy silver.
Silver should rise significantly, because if there is only about 100 million ounces, then, at $10.50/oz., that's only about $1.05 billion dollars! By the time $2 billion dollars of investment demand tries to buy silver, you probably won't be able to imagine how high silver prices will be.
------------------
Next item:
Spitzer threatens "vast" fines for H&R Block
http://tinyurl.com/j4km3
The issue is that H&R Block set up IRA accounts for up to a half a million customers--beginning investors, and put the money into bonds, as a standard investment. These accounts had account fees which were greater than the interest earned from the bonds. So, most investors, over 80%, lost money.
I don't know what the amounts involved are, but you can open an IRA account for about $1000, and 1% interest is $10, and most reasonable account fees, such as $30/year to compensate H&R Block for the paperwork, is naturally be more than that.
If interest rates are set low, by the U.S. government, which they are, I think you can hardly blame H&R Block for deceiving customers, by helping them get started saving money in tax deferred IRA accounts, which also reduce income taxes. For example, if you earned $50,000/year, and if your income taxes were 40%, then if you put $1000 into an IRA account (that loses money) you can still come out ahead on taxes, since your income, for tax purposes is reduced to $49,000, and thus, you save 40% in taxes on the $1000 you managed to put into an IRA, which is $400 savings (even if it does lose $20 in fees.)
But Spitzer wants to fine H&R Block up to $250 million! Wow!
My advice to H&R Block is quite simple. Simply threaten to change the "standard investment recommendation" for all people who set up new IRA accounts. If H&R Block is at fault due to the low interest rates set by the government, then H&R Block should put all new IRA account money into the new Silver ETF. After all, Silver prices have risen by over 50% per year for the last two years, and H&R Block could hardly be sued by the government by helping people to make money.
My guess is that if H&R Block threatened to buy silver instead of bonds for new IRA account holders, that the lawsuit by Spitzer would simply "go away".
------------------
Next item:
Robert Kiyosaki of the book series, "Rich Dad, Poor Dad" thinks gold and silver will go up in value, and that the dollar will go down.
http://biz.yahoo.com/y/fpcol/21095/...richricher/2987
------------------
Next item:
Not only did Silver hit a new high today, so did copper and zinc, too, exceeding the news highs hit by all three metals on Friday.
Zinc hit $1.14/lb., and copper hit $1.38/lb.
All three metals are suffering from a shortage.
In silver, it was feared that a shortage will be created if the new Silver ETF buys 130 million ounces of silver.
World copper inventories are down to less than 3 days.
World zinc inventories are down to 13 days, and rapidly shrinking.
Silver and copper are often mined together, just as silver and zinc are also often found in the same mines. If silver prices are higher, the world can produce more copper and zinc, as byproducts. And if copper and zinc prices are higher, the world can produce more silver, as byproducts. But with all three metals facing a shortage, it looks like the rise in prices for all three metals may continue for some time.
All three metals also suffer from excessive futures trading. People will sell promises to deliver the metal in the future, hoping to make profits if the prices fall. When too many people sell these kinds of promises, it appears to the markets as if there is abundant supply, when there really isn't.
The open interest in silver is currently about 167,000 contracts for 5000 ounces each. That's a total of 835 million ounces of silver. And yet, at NYMEX, there are just under 53 million ounces eligible for delivery against a futures contract.
If a silver shortage is feared by the Silver ETF possibly buying 130 million ounces of silver, then the sellers of these paper promises to deliver silver in the future are going to be in a world of pain as silver prices continue to rise.
Since all of the paper contracts were entered into at substantially lower prices, it looks likely that we will see a short squeeze in the silver market. When this happens, those who sold silver that they didn't have will panic to buy this silver at ever higher prices in order to cover their contracts. Fearing ever higher prices, those who sold silver, must buy silver to exit their contracts and close out their positions. That buying will will cause higher prices, which can result in a very rapid upward spiral of higher prices.
dopo un "lungo" periodo di apatia si spara un + 17% :D a quota 2.90
si avvicina al mio obbiettivo :D
grazie ancora woldLove della segnalazione OK!
Hommel ha spedito una mail dove lo raccomanda proprio oggi... è l'effetto di traino di questa mail... io ho preso profitto... lo aspetto più sotto... c'è d'altro più interessante come SRLM.PK e MGN... (IMHO)... più focalizzate sul SILVER.
Hommel ha spedito una mail dove lo raccomanda proprio oggi... è l'effetto di traino di questa mail... io ho preso profitto... lo aspetto più sotto... c'è d'altro più interessante come SRLM.PK e MGN... (IMHO)... più focalizzate sul SILVER.
effettivamente la mancata rottura dei 3 $ potrebbe farla tornare giù :rolleyes: non posso vendere, se no come posso fare +1000% e pagarti la cena promessa ?
le altre 2 le tengo già :D
hai per caso notizie su eventuali hedging delle 3 sopradescritte ? non mi piaccione le sorprese :eek:
Nessun hedge per nessuna della tre a mia conoscenza... ciaozzz... :)
Nessun hedge per nessuna della tre a mia conoscenza... ciaozzz... :)
speriamo OK!
60% in 60 days!
Silver Stock Report
May 9th
by Jason Hommel
This email can be accessed online at:
http://www.silverstockreport.com/email/60-60.html
60% in 60 days! That's about what Zinc just did, from about $1 to about $1.60/lb.! ($1.57 on May 9th)
You can find historical charts for zinc prices at kitco.com or kitcometals.com.
see: http://www.kitcometals.com/charts/zinc_historical.html
On Jan. 5th, I wrote "Silver Stock Picks for 2006", and included Metalling Mining, MMGG, a zinc stock, when it was just under $1/share. Today, it hit $3.85/share, up 285%! My subscribers are, of course, thrilled!
Sometimes, to multiply your money 1000%, it's easier to take 100% profits every four months, and put it into new deals that will increase by 100%, but other times, it's wiser to stick with a winning trade and ride it up ten fold! Last week, I foolishly sold a few shares of MMGG at $2.50 to "lock in some short term profits", even as zinc prices rose 60% in 60 days, and the stock of MMGG was about flat during that time.
I'm significantly more bullish on MMGG today, than I was at the start of the year, for several reasons. First, my understanding of the zinc market has significantly increased. Second, I'm aware of other comparables. Third, we have price movement! 60% in 60 days!
Like copper, zinc is tight. World supplies of zinc are down to about 13 days, and some estimate that by this fall, the world will run out of zinc. Look at the kitco charts of declining inventories. From
http://www.kitcometals.com/charts/zinc_historical.html
Of course, we won't run out of zinc. Instead, prices will rise until they choke off demand before we would run out this fall. The question is, how high will zinc prices have to rise before demand is reduced? That's an interesting question, that I tried to think about in my Jan 28th email, where I wrote:
So, what price may zinc rise to? Will zinc rise from $1.04/pound today to $1.50/pound next year? Or are we talking much higher here?
Here’s my thinking: I believe it’s possible for zinc prices to increase well beyond $2/pound--even up to $3.50/pound. Here’s why & what that will mean:
Zinc is a minor ingredient in galvanized steel (3% by weight on average), used to prevent rust, and is absolutely necessary in many, or most applications. Absolutely necessary. And a minor cost. Let those two concepts sink in: necessary & cheap.
It’s like silver, or uranium. Silver is used in tiny quantities in industrial applications in electronics because silver is the greatest conductor of electricity, and thus, absolutely necessary! Furthermore, a significant rise in silver’s price will not reduce demand, because the end product is so very much more expensive than the silver used. And uranium is absolutely necessary to fuel a multi billion dollar nuclear reactor, and those people who run it will buy all the needed uranium, regardless of cost.
Here’s an analogy. Steel is somewhat like a cookie recipe. It may cost $10 to make a batch of cookies. But one vital ingredient may cost $.20, such as the salt, or baking soda, which is like the zinc. Who cares if the price of that tiny, but vital, ingredient rises 10 fold, to $2--you are still going to use it to make the batch of cookies. But cookies are not as necessary as steel!
Likewise, regardless of the price of zinc, it will be used to make stainless steel that does not rust that is needed for things like cars, kitchen knives, and who knows what else.
Think about this: the world could sustain oil prices going from $10/barrel to $70/barrel. Hey, the inflation adjusted high of $43/barrel from 1980 is a whopping $240/barrel! And oil is the largest commodity there is in terms of its cost. For every $100 spent on commodities, probably $35 is spent on oil. Surely, the wheels of the world economy will not fall apart if tiny little zinc rises ten fold from the low of $.35 to $3.50/pound.
And if oil can rise nearly 20 fold, zinc can rise 40 fold, but let’s not go there.
Here’s another key point: Several other minerals needed in steel have risen about ten fold already, such as molybdenum and cobalt. I know of only two other commodities that have risen as much, selenium and iridium. So, 2 out of those 4 are used in steel. Pause, and let that sink in.
Zinc is clearly headed up next, due to China’s increasing demand for steel—and this all helps to explain the parabolic price curve in zinc that we are now witnessing.
And what if investors add to the demand, and continue to buy zinc futures contracts in this thin market with greater and greater force?
http://www.kitcometals.com/ is an invaluable source of news on the metals markets, as they provide links to news sources all over the world. From my reading there, I've discovered that we are not in a "fund-driven bubble" in commodities, as so many of the poorer quality news sources seem to be saying.
Further, a true "inflation adjusted" high price for zinc might be about $2.15/lb. as Bill Murray observed in his recent article on Commodities: See:
http://www.silverminers.com/publications/showpub.aspx?id=3024
From my research, zinc prices are set to rise for the next 2-3 years, (two to three years!), because supply is not expanding fast enough to meet demand from China, and it will take that long to bring on enough new zinc mines to offset the zinc mines that will be closing during this time period! The details of major zinc mines are outlined in the President's Letter to Metalline Mining Company Shareholders, Monday May 1
http://biz.yahoo.com/bw/060501/20060501005550.html?.v=1
Inco, Falconbridge, and Teck Cominco, all major zinc miners, are all involved in a multi billion dollar acquisition dance, probably because somebody wants to try to get major control of the zinc market before things get even better for zinc--over the next two to three years!
Now, I've studied the silver zinc explorers for a few years, due to my interest in silver. MMGG is the biggest, highest grade, most feasible zinc play there is, even at today's higher stock prices. Most others are smaller, or in higher risk countries, or don't have costs as low. MMGG is the lowest cost, with the highest grade, set to produce more zinc than all others of which I know.
Here's an apt comparison. EuroZinc Mining Corp. (EZM) is aiming to produce 200 million pounds of zinc per year. MMGG is aiming to produce just under 400 million pounds of zinc per year.
EuroZinc has a market cap of $1.6 Billion dollars, or $1600 million.
MMGG has a market cap of $192 million. (50 million shares at $3.85)
EuroZinc already rose in price much more than ten times since mid 2003.
MMGG will likely catch up to, and exceed the market cap of EuroZinc!
If MMGG merely matches the market cap, including a $300 million dilution at $10/share (to finance the mine construction) that will be an additional 45 million more shares (to allow for a half warrant), and MMGG will rise to $16.84/share. (That's $1600 million / 95 million shares = $16.84.) But MMGG may well exceed that, because if zinc prices are slightly above a modest $2/lb., MMGG could be earning about $800 million per year, which, at a P/E of 10, could point to a market cap of $8 billion! If that market cap is reached, at 95 million shares, that's $84/share for MMGG!
A few people have asked me about MMGG's recent financing at $.80/share, that was announced in the President's letter. It certainly seems too low. But the financing was open for 9 months, and during that time, nobody wanted to invest in MMGG. Part of the problem was that MMGG had run out of money from spending $8 million on drilling, and proving up their zinc resources. The other problem was that investors who had participated in the prior financing were selling, to get in on the new financing, which drove the stock down. Finally, in January, as zinc prices had advanced from $.50 to $1/lb., the recent financing quickly closed as I, and a few others, began to give MMGG some publicity. I bought the stock then, primarily because the stock was "cheap" and a bit of a laggard compared to its peers. At the time, we did not have such price action in zinc, such as the 60% gain in the last 60 days! In January, zinc prices were below $1/pound, and so today, MMGG is a much better opportunity, because it is now clear that the long wait is about over.
Now, there are a few other zinc stocks, if you don't want to jump on the MMGG train.
Try looking up and researching the following:
SIL (Apex Silver) --high market cap, hedged with about a $700 million hedging loss, & in risky Bolivia.
EZM (Euro Zinc) --high market cap
YZC.V (Yukon Zinc) --developing story, but recently hedged.
CZN.TO CZICF.PK (CANADIAN ZINC) --nearly full infrastructure, underground mine, to produce about 1/4 the zinc of MMGG/year.
ABI.V ABMBF.PK (Abcourt Mines) (I own shares of Abcourt)
FAN.TO FRLLF.PK (FARALLON RESOURCES) --low grade, multi-mineral sulfides.
HDA.V (HUSIF.PK) (HULDRA SILVER) --very tiny market cap
SBB.V SBBFF.PK (SABINA SILVER CORP) --relatively low grade
RDV.TO RDFVF.PK (REDCORP VENTURE) --small market cap, lower grade
I suppose I ought to remind you about the very high grade silver that MMGG has.
Sierra Mojada is a Silver District!
"The Sierra Mojada Property has produced in excess of 10 million tons of high-grade ore that graded in excess of 30% lead, 20% zinc, 1% copper and 1 kg (31 ounces) silver per ton that was shipped directly to the smelter. The district has never had a mill to concentrate ore. All of the mining was done selectively for ore of sufficient grade to direct ship; mill grade ore was left unmined."
(That's 310 million ounces of silver. Who knows how much silver is left?) That's the question with an explorer.
MMGG is set to spend some of the money in the recent financing proving up their silver and copper areas. Also, they will be advancing a feasibility study for their zinc. In the meantime, Merling Bingham, president of MMGG has said he has no need to raise any money until feasibility is completed. Resources move to "reserves" upon completion of a feasibility study.
I regret to say that I've fallen seriously behind in responding to all my email, as I receive over 100 questions per day, on average. Please keep the email coming. I read it all, and I find it invaluable in determinging the concerns of my readers.
I own shares of MMGG, and Abcourt, and neither company has paid me to write this article.
Sincerely,
Jason Hommel
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Le avevo grazie alla segnalazione di Worldlove, :bow: oggi ne ho mollate metà, le altre al momento rimangono in saccoccia.
Merd.a ho venduto troppo presto...
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