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Mountain Lake Resources Inc V.MOA



TSXV:MOA - Post by User

Bullboard Posts
Post by trikenon Feb 27, 2006 12:21pm
176 Views
Post# 10419726

A few observations

A few observations The recent pattern of trading has been encouraging, larger volumes have not driven down the SP and therefore stock is being accumulated into stronger hands unlikely to sell until at least a 50-100% appreciation is attained. The transition between an explorer and producer is for the patient investor holding on to see their investment come to fruition. On the other hand at least two significant resource announcements will occur in the next 4-8 weeks, then MOA will suddenly be discovered by a new set of value investors rather than speculators who have long vanished. I predict 200,000 net ozs for MOA with mining costs of $240 giving approx. value of $3 per share less discount of 30% for mine life of 6 years giving fair value of $2 SP. This back of the envelope estimate does not count in being open at depth or the relatively minimal exploration that has occurred at Valentine Lake. Bobby's Pond is a genuine mine prospect especially with the proximity Of AUR's smelter, I am sure AUR wil be keen to process or buy MOA"s zinc prospect as well as MMI to spread their depreciation costs. I will not attempt to guess the margin on this base metal prospect, but would welcome others to do so. The diamonds in the SP are for free!
Bullboard Posts