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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 Jun 09, 2016 10:26am
57 Views
Post# 24950275

RE:Tell me if I got my facts right

RE:Tell me if I got my facts rightTreetop... I will gladly correct you. Your Math Is Terribly Wrong! Your post shows a man completely blinded by bias to get the math way out of whack! Near the end you say that "assuming Diakha resources will double with the extension, they will only have 1 Million Total Ounces). Wrong! They would have resources of 1,726,000 ounces (863,000 X 2 ... take a look at page 5 of the site maps in my pdf link). You were even saying 1 million ounces for the whole 20km stretch in 3 pits! What were you Smoking or are you just bad at math or blinded by bias for WAF?! Here's the truth. Diakha & Siribaya 1,825,900 ounces Inferred & Indicated. Boto 1,688,000 ounces Inferred & Indicated. That's a total of 3,513,900 ounces Inferred & Indicated between Siribaya, Diakha, Boto all within a 10km stretch! WAF only has 3.4 Million inferred ounces yet you said it has double MXI, you completely wrong because MXI has 3.5 Million ounces! Remember Fekola is the one 20km north. This is all a10km strecth which is why it's so attractive to combine the projects! So we're looking at 3.5 Million ounces Inferred & Indicated + 2 Million ounce future potential of Karita which is smack dad in the middle between Diakha and Boto. The potential of Diakha after another year of extension drilling is easily another million ounces. So we have a current 1.82 Million ounces Inferred & Indicated with Diakha/Siribaya + an additional 3 Million ounce potential between the Diakha extension and Karita.  2 years from now it could be 5 Million ounces between Siribaya/Diakha/Karita + 2 Million ounces for Boto as they find a bit more.  We're looking at a current 3.5 Million ounces inferred & indicated in that 10km stretch with a 2-year future 7 million ounces potential! And a quality high g/t soft rock which will be economical to mine. What if the economical turns out better than the inferred? It has the same rock formation as Fekola and along a proven Faultline. You are clearly 100% Biased to your other picks to get the math completely wrong! It makes sense now that you have no money invested in MXI and other here blabbing false facts! I actually enjoy proving you wrong though :)  It helps to have a biased pessimist on this message board so we can clarify facts to those actually interested in investing.
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