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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 28, 2016 2:08am
108 Views
Post# 24912567

RE:RE:MXI Market Value & Buyout Value

RE:RE:MXI Market Value & Buyout ValueLondry... I looked at the investor PDF now. I see they do have 2.1 million ounces. So you mean mainly unexplored as a bullish stance for adding ounces and not just to find initial ounces. For MXI... we are also mainly enexplored with Karita... value not in the share price, but high probability along the major Fekola, Boto, Diakha faultline. So drilling would be more precise and low cost there and 100% Merrex owned. So if the Diakha extension drill results in a few weeks shows 3 million ounce potential at Diakha plus Karita possibly 3 million ounce potential. Its all within 5km and IamGolds Boto a few million ounces 10km north. You're looking at close to 10 million ounce potential within a tight 10km stretch. When you look at NHK the hot spots are at a distance and fighting the harsh cold elements of the North West Territories would increase operating costs with more down time from blizzards and snow storms. Right now our assumption is that IamGold wants to to start Boto soon and with them being a JV with Merrex, except for Karita, the probability is high for a buyout within months. Do you see NHK being bought out in a few months? That was the point I was getting at. Yes NHK looks like a good multiyear hold... but if Merrex gets bought out by IamGold in a few months, doubling or tripling the share price. Why not hold MXI and after a buyout, buy up NHK with a good chunk of the gains?
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