re: silver to rocket????? mmn - game over - for h ROSCO, I hold both and see the immediate upside with MMN due to the fact that they are already puting in place infrastructure at Twin Hills and are expected to be in production by March next year. MMN have the $10M to progress this already! BSG have not delineated any reserves at this stage where as MMN have 25M oz. BSG's operating mine is in Georgia and has substantial risks. They still haven't released any information on production for this quarter after the problems from last year and earlier this year. Is BSG cheap? Sure is but until they start releasing status reports on their operations in Georgia, she will be ranked on the Mexican RESOURCES only! My plan is to ride MMN up a bit further take some profits and build up a bigger stake in BSG. There is also still some stigma with BSG on the OCAMPO project and the reasons for exitting! The other company involved has a market cap of over CAD$400M, so you cannot say on short term fundamentals that BSG's actions were actions of top rate management. Also BSG pay a 1.5c dividend each year but I'm a bit skeptical as to whether we will get a divvy for the foreseeable future. MMN on the other hand is perceived rightly or wrongly as a silver hedge fund. When silvers looking good, MMN is looking great. I am of the belief that silver is in the process of running to $6.83 before it starts to consolidate prior to its next run. On these perceptions, MMN will outperform BSG considerably unless BSG release some great news to the market!
Cheers,
Phillw
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