Re: Potential SP?
in response to
by
posted on
Jun 18, 2008 09:36PM
A New Mid-Tier Gold & Silver Producer - Mexico
In other words of the 4 million ounces in the ground if half comes from silver...say 2 million gold equivalent they will only produce about 60% or 1.2 million...
I understand that they only want to heap leach the oxide ore, and have a mill up and running before the high grade.
Jim Puplava thinks 15% percent of this company may be sold short, who knows how many naked shorts. Listen to the Q calls section.
DB thinking about how our markets are a complete joke! arghhhh
Figures I'd find you guys over here;)
Been doing a bit of my own work on this one. Noticed the big increase in JP's holdings. Up over 800% in the last quarter.
Also, good test of the previous low, although a bit more volume would be nice.
Metalurgy. How big an issue is this? Also, I was wondering.... if Jim's going to war with the short sellers, isn't that like Tony Montana taking on the Cali Cartel? Seems to me they might decide to focus on his holdings and try to drive him under. Any opinions on this? MFN seems like a good bet for a double inside a year. Good fundamentals and such, but these extraneous factors give me pause.
I like their dump truck though. How often do you see a picture of a dump truck on a junior mining website where they actually own one!
ebear