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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 Nov 25, 2015 7:24pm
76 Views
Post# 24326315

RE:RE:RE:Karita

RE:RE:RE:KaritaShort answer is this:  Major gold miners don't buy moose pasture......or in this case......snake sand.  Which is what Karita is right now other than a few good looking grab samples from the artisanal workings.

I suppose they could take Karita but they won't pay a penny for it.  The rule of the game for producers is to let the little guys establish that there is something there and the big guys buy in when the risk is minimal.  And today risk mitigation is more stringent than ever.  As MXI carries on with drilling on Karita and get some good results, I doubt that any mid tier or senior producer would touch it without at least a 43-101 indicating a strong likelihood of a viable mine there.....maybe even a Scoping Study done. The proximity is really good for IMG but it is yet another jurisdiction and one that is quite weak on their mining regulatory structure.

The business model for little explorers like MXI is simple enough:  find gold at a cost of, say $10/oz, and sell it for $50/oz (or whatever the right numbers are) and that's what has to happen with Karita.

If IMG does want Diakha and Siribaya, the most likely end result is that MXI or its successor company would be left with Karita as they wouldn't get paid anything for it from IMG.  It has to have ounces before MXI can make money on it.
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