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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 RichyRich$on Apr 11, 2016 7:38pm
140 Views
Post# 24754240

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Extension Permit Granted!

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Extension Permit Granted!Yoshka... this is an extremely low risk investment with a 43-101 around a million ounces in Diakha of high quality grades and now drilling the Diakha approved extension to add more ounces. If IamGold were to back out on that whole region, they would sell their 100% owned Boto apx. 2 million ounces along with their 50% ownership in Siribaya/Diakha with Merrex, to another large miner in Africa like Rangold or nearby B2Gold and Merrex could sell their 50% of Siribaya/Diakha a potential future 3 million ounces with more drilling. And Merrex could still keep their 100% owned Karira in Guinea and start drilling, which along the same faultline could be 3 million ounces. This is a low risk investment where even if IamGold backed out in the whole area, we would still win. But it would be ludicrous for IamGold to pass up on buying up Merrex. Even with Karita not drilled yet, they could offer a certain amount for it with high probability the faultline area is good. Grab samples in Karita are showing good. We're talking millions of ounces of high grade gold and MXI is undervalued now at under $40 Million Market Cap. Its a win-win no downside and high upside investment. Fekola just a few kilometers north was sold to B2Gold for $570 Million for 2.8 Million similar quality ounces and this was in 2014 when Gold was only $1,350!
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