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Bullboard - Stock Discussion Forum Markland AGF Precious Metals Corp T.MPM

TSX:MPM - Post Discussion

Markland AGF Precious Metals Corp > Undervalued Uranium Play: MPM
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Post by cdn_stocks on Feb 23, 2005 10:49am

Undervalued Uranium Play: MPM

Huge volume on this undervalued uranium play which I have held for a few weeks. Don't let the large price increase scare you away as there is still plenty of room to move upwards. The market capitalization today, of MPM, is only about $19M. Compare this to another recent hot uranium play HBE which is currently trading at a market capitalization of about $60M. Even if you add the shares of the current financing for MPM the market cap is still only about $31M. Therefore just to get to par with HBE the upside for MPM is a 2 to 3 bagger. And don't forget that MPM also has molybdenum as part of the Ben Lomand Uranium Deposit. After uranium, molybdenum is probably second in line as the hottest commodity/resource from a demand perspective. Check out ARS just to give you a taste of how hot molybdenum is. Since November the stock has gone from below $0.10 to $3 (wish I had owned that one...). Also, ARS has almost identical number of shares outstanding as MPM. So once again there is still plenty of upside for MPM. Based on a comaprosion to HBE, MPM could move comfortably to the $2.50 to $3.75 level.
Comment by piltech on Feb 23, 2005 11:27am
CURRENT MOLYBDENUM PRICES: $32.00 per pound https://www.rocamines.com/s/CurrentMetalPrices.asp or https://www.indianmetals.com/prices/prices.php?state=showforminor
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