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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 Jun 09, 2016 11:33am
65 Views
Post# 24950703

RE:Tell me if I got my facts right

RE:Tell me if I got my facts rightTT2... the reason I'm showing you IamGold's portions + Merrex's is to show you why IamGold would want it all.  7 Million Ounces potential near-term in a 10km stretch (see my previous post)!  If you look at IamGold's 100% owned Boto nearing 2 Million Ounces and Merrex's 100% owned Karita let's assume it ends up being 2 Million Ounces, all similar grades close to 2 g/t since along the same Faultline.  The two 100% owned portions would offset each other in number of ounces and grade and the remainder is the 50/50 Joint Venture.  So with that futue 7 Million ounces and close to 2 g/t Total 10km Stretch Project, MXI would account for half of it.  3.5 Million ounces. At $50 per inferred ounce (a common value for high grade inferred ounces like along that faultline), we have a $175 Million buyout potential for MXI.  With 168 Million shares outstanding after the new PP and not including the portion IMG owns, the buyout value would be $1.04 per share in that scenario minus and future drilling PP's.  But that scenario won't happen because IamGold would strike sooner at say a $.45 per share buyout this year.  That's why I was showing you all the ounces betweein IamGold & Merrex at close to 2 g/t, to show you why they have incentive to buy us out fast and get on with that mega project!  WAF is closer to 1 g/t the grades are worse the this IamGold/Merrex hotspot.
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