Author
Topic: MFL-T
Ripler
Member
posted October 14, 2010 14:48
Its MFN on NYSE, MFL on TSX. If you want Gold and Silver exposure, this is the one for you; specifically if you are bullish on silver -------------------- Bargain Hunter
Posts: 364 | Registered: Mar 2006
| IP: Logged |
invester
Member
posted October 14, 2010 16:13
Sell me on it. What is your thesis? They have 380,000 proven Oz. Gold, over 4million oz. silver. Low revs., what is the catalyst to get this baby moving over the short term?
Posts: 4381 | From: houston | Registered: Mar 2006
| IP: Logged |
Ripler
Member
posted October 15, 2010 21:46
mmmmm sell you you say? ehhh? well im not much of a salesman but.. They are targeting to mine 2.5 million ounces of silver and 90-100,000 ounces of gold by the end of this year. Trading at 5-6x cash flow. Might move shorterm, might not. IT WILL move substantially within a yr though.
Posts: 364 | Registered: Mar 2006
| IP: Logged |
Ripler
Member
posted December 14, 2010 00:32
9.45 in Oct 11.71 today
Posts: 364 | Registered: Mar 2006
| IP: Logged |