RE: John Embry on Jim Sinclair Just look at how gold exploded last summer for the very same reasons.
MMY is now trading just above its cash value.
Such irrational selling made millionaires out of many shrewd investors in the last half of 2011.
Even better, the price of oil which accounts for about 40 % of mining costs is down 20 % over the past 2 weeks.
This is the best cash cow that one can find.
The gold mine and Mengapur is free.