Minco Silver Corp T.MSV

Alternate Symbol(s): MISVF

Metals & Mining Silver

Minco Silver Corporation is a Canada-based silver mining company focused on the acquisition and development of silver properties. The Company’s Fuwan Silver Project is located in Gaoming Country approximately 45 kilometers (km) southwest of Guangzhou City, the capital of Guangdong Province. The property is adjacent to Minco Gold Corporation's Changkeng Gold Property. The Company holds three exploration permits, totaling approximately 125.74 square kilometers (km2). The first, the Luoke-Jilinggang, is approximately 57.16 km2 in size and is held by Foshan Minco, while the other two permits, the Guyegang permit totaling 55.88 km2 and the Hecun permit totaling 12.7 km2, are held by Minco China in trust for Foshan Minco. Its subsidiaries include Minco Investment Holding HK Ltd., Minco Resource Limited, Guangdong Changfu Mining Co. Ltd., Minco Mining (China) Co. Ltd., Tibet Minco Mining Co. Ltd. and Mingzhong Mining Co. Ltd.

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Minco Silver Corp > BASE METALS SHAREHOLDERS APPROVE PRIVATIZATION

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Comment by Mineshackon Jul 28, 2020 10:51am

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Post# 31330466

RE:RE:BASE METALS SHAREHOLDERS APPROVE PRIVATIZATION

Rock,
Check my math.

Minco Gold's White Silver Mountain Property was spun-off as Minco Base Metals in 2007 on the basis of 1 Minco Base Metals for every 5 Minco Gold.

Considering that 5-1 spin-off valuation and today's privatization redemption price of $.79 per share, seems if it were Minco Gold Corp going private, its redemption value would be $3.95 per share.

I had high hopes for Minco Base Metals when it was spun-off of Minco Gold. Don't think the company ever gave reason for divestment of the White Silver Mountain Property. I assumed the government prohibited our developing it and the sale to the governments own interest was the only way to realize value. Maybe someday it will be disclosed.

In the meanwhile, I find Minco Gold and Silver to be extremely leveraged for any new developments / news.