historical analysis and comparison

Someone needs to check my figures and tell me if I'm wrong, but after performing a historical comparative analysis between MGO and OZL, I just can't understand or comprehend the current share price for MGO...

Back in 2005 OZL was still defining its resource.

As of July 2005 it stood as follows..

Indicated Copper - 2.6 Blbs
Inferred Copper - 336 Mlbs

Indicated & Inferred Gold - 1.78 Moz

No Measured resource for either Copper or Gold at the time...

In April 2005 OZL had 1,281,963,803 shares on issue, and a ton of options - in other words 1.28 B shares.

The OZL April 2005 share price: $9.35

... now, currently MGO has the following..

Measure & Indicated Copper - 2.9 Blbs
Inferred Copper - 3.6 Blbs

Indicated & Inferred Gold - 2.2 Moz
Indicated & Inferred Moly - 205 Mlbs

MGO with the Candian shares included, has 1,123,609,863 shares issued (assuming the Canadian CR closes OK) - in other words 1.12 B shares.

The MGO May 2012 share price: $0.18...

I mean, what am I missing here?

By any reasonable view of the above figures, had MGO posted the same resource stats back in 2005, its share price would be way way way above $10.00...

Yet, here we are at 18 cents... and with a "substantial" increase/upgrade in the Measured and Indicated resource due at any time now...

Either I have missed something pretty fundamental, or holders of MGO are sitting on a major share price bomb that can only go in one direction... UP.. and way way UP...


I look forward to any corrections...


good luck