Magellan Minerals Ltd MAGNF

RE RE ULTIMATE VALUATION

[prospector7]

I agree an opportunity in a market like now only comes around once in ones life time I like Coffins posts INSANE VALUE and most peoples take on MNM
we are talking approximatley 6 million  ounces of gold in total on all properties
this dosen't include the copper
55 million shares outstanding
If this was last year the price would be 2.50 a share at least.
we have to remember this isn't US production rates so the recovery cost will be much less than the US
The thing we need to remember that the only reason we can buy at these levels is because we don't have a lot of hedge funds out there buying right now with money that they borrowed from the banks with no collateral.
This has given the little guy the opportunity to buy and make a substantial profit in this market today this is a fact I think a lot of us forget and thaT IS WHY WE AREN'T GETTING THE RUN UPS ON THESE JUNIORS WE ARE USE TO
As an old guy I just shake my head in wonderment how we are so fortunate to be able to have plays like this offered to us, if you were to write a hollywood script about all this a few years ago people would say oh I only wish something like that could happen for real Well let me tell you folks it is happening right before our eyes and I'm glad mine are open enough to be aboard this train and many others on these boards.
There has never been opportunities like this and there is a good chance there never will be again. Mark these old mans words Patience is truly golden MNM is the sweetest play of the year or maybe the best you will ever see in a life time.