GREY:MLKKF - Post by User
Comment by
brendellyon Jan 08, 2009 5:03pm
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Post# 15692292
RE: LongonZinc
RE: LongonZincI agree LongonZinc, ML certainly needs to prove up cost structure and only time in full scale production will show us where they stand. As for TCM's balance sheet it was certainly impressive especially when they were hovering under book value at the high 3.00 dollar mark. Currently I'm only a holder of ML for the same reasons of risk vs. reward but TCM is still very attractive.
ML's small debt, O/S, location and operational size makes for a great story, if they can survive through this next year there is some decent upside. No target can be put on such a company given the uncertainty in market direction but this aint a baby anymore and staying green is number one the rest is gravy for the time being.
Either your getting in at 0.40 or 1.00, it makes little difference, the cream will rise to the top and if it doesnt lets hope we are all prepared for the worst and can afford to lose. Some risk is needed in a healthy portfolio, the odds are slightly in our favor.