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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

Comment by wilwalon Jan 19, 2016 4:44pm
115 Views
Post# 24473922

RE:todays elease of IMG 2015 results

RE:todays elease of IMG 2015 resultsNote that they spent $8.2 million in 2015 and plan on $13 million in 2016 on Feasibility Studies. Those are big numbers. They say the increase in 2016 is due to Boto and Cote Lake.  I think we can be sure it is almost entirely Boto unless they think they can tweak Cote Lake to make it economic or marketable.

Anyway, with those kinds of bucks on feas studies on Boto, I think that raises the likelihood that they will soon be announcing a mine plan for Boto, making the Siribaya JV even more in play than before.   Those numbers look like good news for us.
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