Mining Global Inc (MNGG)

[JohnnyRotton]

My take on the email

1. He said 500k in assets, which proves equipment was less than 500k. Interest payments will be serviceable. I was worried equipment was a huge number but it isn't.

2. 1 million debt reduction, that alone should make the stock climb. I have never seen a company on pinks not soar after that much debt reduction.

3. Didn't say how many shares they plan to buy back. I doubt over 5 weeks it will be a huge number, but lowering the float just a little helps the size of the stock rise. Lower it enough and you can double the run.

Explains why the stock hasn't taken off yet, company doesn't want it to yet.

4. Book value is currently -.00016/sh approximate, debt of 1 mil plus assets = -500k. But if you count the gold assets it could be around 60 million.

5. Using discounted cash flow, it should trade at 10 X profit,

1 mil profit / 2,5 bil sh = .0004x10 = .004
2 mil profit = .008

Once they prove revenues per week this will be easy to value. I expect it will hold close to the future earnings per share.

6. He said the sister company was low overhead, so I see fairly high margins.