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Title: Minco gold TSX-MMM Post by: stocksavycanuck on March 04, 2011, 02:18:57 AM Is it just me or does this stock seem very undervalued?
So here's the info I've found. You tell me. Issued and outstanding shares 48.7mil Closed today at $2.27 Ownes 13mil shares, 30.1% of minco silver (closed today at 5.84) giving that a value of $75.9 mil, so $1.56 per share So currently that values all of the other assets at $.71 per share Those assets are comprised of 16 gold properties Including the chankeng property with est. 1mil oz reserve They have approx 7mil in working capital And to top it off they are currently acquiring an operating mine, (51%) the Tugurige project With major shareholders including sprott and teck cominco it's only a matter of time before this stock gets a realistic valuation Do your own research and let me know what you think. Title: Re: Minco gold TSX-MMM Post by: stocksavycanuck on March 04, 2011, 03:47:56 PM Here's an article I found in my searches
http://www.silverinscripture.com/articles.php?id=56 Title: Re: Minco gold TSX-MMM Post by: stocksavycanuck on March 04, 2011, 07:53:42 PM Here's another article I found on the company. It appears I'm not alone in my thinking
http://www.equedia.com/blog/view.php?entryId=5019 Title: Re: Minco gold TSX-MMM Post by: flatline334 on March 31, 2011, 09:30:07 AM Yes after reading the article you posted I must agree with you. It seems like now is a great time to invest in the company because China is going to force their price up as China's gold demand increases.
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