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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 May 06, 2016 1:14pm
140 Views
Post# 24848603

RE:Fekola

RE:FekolaWe are actually on the cusp of results that will give an indicator that the deposit is about to triple in size, not double, and that's not getting carried away!

Most important though is the RC results in the extension.  If they confirm a continuation of the main deposit, we are looking at least double right there but since it appears to widen there, then more than double is possible in the extension.

The thing about the deep stuff is that you can only go so deep for open pit, then you have to go underground.  That is the impasse that IMG is at in Sadiola.  It's another $3-400million to go deep and their pits are pretty much exhausted.  So deep mineralization does have value here, but nothing like the shallow cheap stuff.

Also, if the RC is successful in the extension, then it makes Karita almost a slamdunk because it is contiguous to the north.   All pretty good stuff happening here!
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