re: silver to rocket????? Hi Tokyo,
You obviously like this share - fair enough. But your reasons to buy it has only been supported by your 'silver to rocket' argument. This is your view and it might well just happen, I don't know, and I'm not able to prove it right or wrong.
However, I do know that you haven't stated HOW this company is going to advance their project. I would have thought advancing the project to producer status was the goal of every little junior out there and success usually the main driver for the share price.
So, my questions are:
Has MMN identified any resources/reserves at its prospective projects?
Have they outlined how much money the project will cost to get going?
How will they raise that money?
What are the production costs?
What is the initial payback period for the project & the NPV?
Like I said before, if those questions arn't answered, its pretty much a speculation game. If people want to speculate on the future direction of the silver price, there are better alternatives/instruments out there than buying MMN.
Just my opinion.
Jebigabre
MMN
macmin silver ltd
