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MUSTANG MINERALS CORP V.MUM

"Mustang Minerals Corp is a mineral exploration company. The Company is engaged in the business of exploring and developing base and precious metal mineral properties."


TSXV:MUM - Post by User

Bullboard Posts
Comment by Bdussyon Aug 24, 2006 7:25pm
237 Views
Post# 11270057

RE: unlimited suppy prez?

RE: unlimited suppy prez?I think he was referring to going short, selling shares he doesnt own only to buy back later at a lower price for a profit. Even though mum has low grades, it is more than viable. They have a very large reserve here. I think we are looking at about 3billion in the ground or something to that tune. Doing the quick math they will most definately be profitable and worth putting in a mine due to the size of the reserves. The trick is getting a big boy to get this pig to fly. I doubt they would be able to or want to finance this on their own, too much risk with low grade and volatile nickel and copper prices. With a market cap of a measely 14million there is ample upside. All the hot air has been taken out of mum already. Good investing. Bdussy
Bullboard Posts