Minco gold TSX-MMM

[stocksavycanuck]

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.

[stocksavycanuck]

Here's an article I found in my searches


http://www.silverinscripture.com/articles.php?id=56

[stocksavycanuck]

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

[flatline334]

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.