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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 Aug 06, 2015 1:17am
116 Views
Post# 23993257

RE:RE:RE:cost of buying MXI for IMG

RE:RE:RE:cost of buying MXI for IMGSince we're dreaming here, how about this scenario in late 2016?

Siribaya                  1million oz
Diakha main           2 million oz
Diakha extension 1 million oz
Karita                      3 million oz

Oz attributable       5 million oz
Value at $100       $500 million

Shares outstanding 235 million (increased to pay for drilling)

Total value $2.13/share

The biggest risk above is Karita.  While it looks like a slamdunk based on its location, grab samples and artisanal workings, we won't know anything until some RC results come in.

And RR, if I were IMG CEO, I would try to grind you little Merrex guys down to a powder for a cheap sale!  :)
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