GREY:MLKKF - Post by User
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24~Karaton Jun 18, 2007 3:29pm
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Post# 12960557
RE: Buyers today, Credit Suisse / Merrils
RE: Buyers today, Credit Suisse / MerrilsIndeed, the Goldmans, Merrills, and CIBCs of this world don’t too often identify with the retail class. Instead, their clientele consists primarily of two categories of deep-pockets investors: Institutions, and Industry Participants. Unlike the vast majority of retail investors, who can’t wait to “take a profit” (however meaningless that profit may be in terms of the value of the underlying security) these other two groups think of value in terms that can sometimes span the scope of generations.
Dadoc touched upon the significance of that when he cited this passage at the most meaningful in today’s NR.
"The Company has filed a technical study for an expansion of increased copper production plus molybdenum, and silver production."
This passage is a reference to the fact that the deepest drill hole at Mineral Park, at 5000 feet in depth, encountered molybdenum mineralization to its very depth. It’s not too difficult to infer, if not imply, that there is a good likelihood that Mineral Park’s productive life could therefore be extended to 100 years.
That proposition can seriously be entertained because Mineral Park is a porphyry deposit, a kind of deposit that is known for its consistency, and are unlike other deposits that can typically have bizarre twist and turns throughout its mineralizing event.
It was about a year ago that an article appeared in Resourse Investor, stating that, eventually, Mercator was either going to have to acquire, or be acquired. Could it be that the heightened interest that’s being taken by the Goldmans, etc. be further evidence of that?