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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 wilwalon Jul 05, 2014 2:48pm
194 Views
Post# 22718518

RE:Again why?

RE:Again why?As you know, every gold company has collapsed in the last couple of years, strictly due to the price of gold too low to make big profits, if any, depending on costs.  When the industry gets to that point, nobody is interested in the explorers because the bar is raised so high against a discovery becoming commercial in a short period of time.  MXI has been caught up in that.

Siribaya also proved to be not as prolific as hoped so that didn't help matters either and the stock went down to being valued as though it had no near term likelihood of a mine.  The last 43-101 was a couple of years ago so a new 43-101 might put them up around 1 million oz but I doubt it would be that high.

I think they need some DD's on Diakha to start booking ounces on a 43-101 in that area.  RC's alone won't give you ounces.
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