MMN macmin silver ltd

silver back over $6, page-7

  1. 3,003 Posts.
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    re: silver nudging $6 MMN is a leverage to the silver price. If silver rises it will rise. As for management not delivering in the past you are correct. Management are delivering now, one of them with NGG which is developing a mine also. Hopefully the quarterly report will have some progress results on the mine development. At the current exchange rate, the silver price is sitting at Aud$8.40. The startup price for production was $9 which is around US$6.50. If/when the silver price passes this price MMN will move. I believe that this price is only a week or two away! Do your homework on other silver mining companies and their reserves and compare the market capitalisations. MMN are grossly under valued in comparison to its North American counterparts. By December, I expect MMN to be substantially higher (multiples of todays price). Time will tell! Those that do their homework and research on silver will have the last laugh!!
 
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Currently unlisted public company.

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