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iShares Global Materials ETF V.MXI


Primary Symbol: MXI

The fund seeks to track the investment results of an index composed of global equities in the materials sector. The fund seeks to track the investment results of the S&P Global 1200 Materials Index (the Underlying Index), which measures the performance of companies that S&P Dow Jones Indices LLC (SPDJI), a subsidiary of S&P Global, Inc., deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. It is a subset of the S&P Global 1200.


ARCA:MXI - Post by User

Post by wilwalon Aug 11, 2015 4:31pm
229 Views
Post# 24008486

Merrex CEO Interviewed on BNN

Merrex CEO Interviewed on BNNGood interview and covered the main items.

Most noteworthy is mention of the extension on Diakha and drilling Karita in 2015.


Both of those will be big events. Not only is there a fair bit of land between the current boundary and the river to the north, the north end of Diakha is also the widest and has the best results. That means the deposit is probably bell shaped with the best yet to come. Greg talks about 1 million oz to start with on Diakha and the whole thing being "potentially big".

I would expect there will be at least two rigs going on the Diakha extension and two in Karita when the rainy season ends in a couple of months.

A third noteworthy bit of information is that Greg's expectation is that IMG will be offering paper rather than cash when the time comes.

Merrex interview on BNN


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