My posts start here...Subject: huuuuuuuuuge copper resource :...

My posts start here...


Subject: huuuuuuuuuge copper resource : tiny mkt cap
Stock Code: MGO - MARENGO MINING LIMITED
Posted: 06/10/06 21:17 Hotcopper Radio: MGO on BoardRoom Radio
Posted By: dexterbland Views: 165
Post #: 1291146 (In Reply to msg #1291130 from dexterbland) Sentiment: Buy
IP: 58.106.xxx.xxx


Subject: is this the most undervalued stock on asx...
Stock Code: MGO - MARENGO MINING LIMITED
Posted: 12/10/06 21:31 Hotcopper Radio: MGO on BoardRoom Radio
Posted By: dexterbland Views: 253
Post #: 1302927 (Start of thread) Sentiment: Buy
IP: 202.93.xxx.xxx Voluntary Disclosure: No Stock Held
MGO is priced at around 0.1% of the in-ground value of its JORC-inferred resource.

Market cap is around $20 million.
In ground value is around $20 billion.

Yes I know its not that simple, but:

- Resource is expected to double as drilling continues.
- Entire resource is expected to move into JORC indicated category.
- Is shallow - virtually at surface (unlike PMH, MOX etc)
- Grades are improving with more targeted drilling and high-grade zones are being discovered (some of the best holes are not even included in current resource statement).

If anyone knows of a stock more undervalued than this please let me know.