Ann: High Grade Drilling Results from Yandera Pro, page-32

re: Ann: High Grade Drilling Results from Yan... BS, happy to engage in some banter with you, but if you want to repond dont put words in my mouth. If you have an argument, come out with what you want to say, rather than shooting off what you think i might say,

Here is what I DO SAY. You may pick up on a few mgo fundamentals in the process so grab a notebook if necessary.

Most of mgos stock is held by large institutional investors. The large swings in sp price particularly in recent times are by mum and daD investors AND day traders who hold a small amount of stock. The volumes are low which is why the swings are high.

The sp dropped from 29 cents to 12 because people got annoyed (rightly so) with the execution of the rights issue. The backside fell out of the stock because people were annoyed and impatient. Annoyed and impatient are not related to the funddamentals of the stock.

Here are some fundamentals that i do base my price projection of $1 on.

They have 6 billion lbs of copper in the ground, with good cu levels.
Their management, in particular Les, has a rich history of getting these things off the ground. Les saw to this at lynas
Geographical risk is,low due to the large number of operators currently in png.
Sovereign risk also low, particularly now that mr o'neill is locked in as pm.
The deal with NFC gives enormous stability, and reduces the lieklihood of sales risk as they have already agreed to purchase.
Production costs are low enogh to sustain a dramatic drop in the price of CU.
20 year mine life with higher cu in the early years.
Tailings no longer an issue with dst dismissed.
Dfs due for release next month and several analysist have suggested that this will be a major catalyst for the sp.
Sentient, quantum and omers are the three biggest shareholderS are are not selling at all.
Several commodity brokers including goldman sachs are bullish on copper.
The deal with petromin is a major boost for the likelihood of a long, healthy mine life.

My view on mgo is that all of the fundamentals are in line. Whilst they dont always report it as quickly or efficiently as people would like to, they always report well.

The latest reports have done nothing but confirm how "on track" the project is.

Recently, they have appointed a number of key personnel. No need to do this, if things are not about to ramp up.

In summary, there are many fundamentals that contribute to my belief that this is a $1.00 stock.

What i dont do is incite panic everytime some small investor wants a new car or gets spooked.

In my view this is not a stock to trade in, because you cant predict the vulnarabilities of mums and dads. What i can predict with some certainty is that copper is in hi demand, that mgo has 6 billion lbs of it, that they have management with good pedigree, that they have strong institutional investors, including george soros, that they have strong corporate relationships with nfc and petromin and that they are about to relase a feasibility study that will outline the blueprint for all this.

I own a truckload of mgo at a price of about 21 cents. I lose little to no sleep over the volatility. I dont care what they trade at this year, next year and maybe the yeAr after.

If you think the price of copper wont implode.
If you think that the chinese will want more of it.
If you think that mgo have the skill to get this up and running
Then mgo may be the stock for you (do your own research)
If you dont believe the above, then dont buy any or trade in it or short it. The end result for me will be the same.

Mgo - for patient investors in good companies.