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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 RichyRich$on May 02, 2016 4:19pm
117 Views
Post# 24834180

RE:My Guess

RE:My GuessHere's the Kicker Wreakhavok.  In Wilwal's example of Diakha being worth $150 Million at 3 Million Ounces. Keep in mind that's a terrible value compared to the Fekola buyout by B2Gold who paid $570 Million for 2.8 Million ounces of similar quality along the same faultline just a few kilometers up north. And that was in 2014 when Gold was $1,400 and it's now around $1,300. Close enough to count as a rescent comparable buyout.  According to Fekola's rescent buyout, we should get apx. $200 per ounce. If Diakha proves to be 3 Million ounces like we all think it will.  3 Million Ounces X $200 = $600 Million Value.  Now it's approximately 200 Million MXI shares after dilution and IamGold owns 25% of those shares.  So our buyout portion is 150 Million Shares and since Diakha is joint venture with IamGold, then at 50% of that.  So our buyout on Diakha alone if fully drilled for 3 Million Ounces and based on the Fekola rescent buyout, should be $600 Million Value of 3 Million Ounces X 50% of the MXI owned portioned = $300 Million / 150 Million non IamGold shares outstanding = $2.00 per share buyout :)  And that's not even including Karita which could be 3 Million ounces worth $600 Million to us because it's 100% Merrex Owned!  So Karita at $600 Million / 150 Million Shares = $4.00 per share buyout.  So if Diakha and Karita were both fully drilled and proven at 3 Million Ounces each for a total 6 Million Ounces, we should get bought out at a total $6.00 per share! Base on the nearby rescent Fekola buyout by B2Gold. So we would discount the fact that maybe B2Gold over paid and discount the fact it's not all drilled an proven yet.  So we have over a million ounces proven in Diakha (not even including the 600,000 ounces to the east in Siribaya) + Future Value of $6.00 per share if fully drilled and proven = Present Discounted Value ???  I would be disappointed with anything under $.70 if they wanted Karita included or $.50 without Karita.
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