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Re: FOOTWEDGE post# 8257

Friday, 12/29/2006 9:42:45 AM

Friday, December 29, 2006 9:42:45 AM

Post# of 33753
Does any stock have as sure a zip code changing potential for coming years as MMG?

MMG (Metalline Mining), like most zinc miners, has pulled back significantly since the high earlier this month as the LME zinc inventory depletion downtrend has paused. Here's a good explanation for that pause: http://www.greatinvestments.blogspot.com/ I think the pullback and any further weakness (a bunch of shares from a private placement about a year ago are freeing up over the next couple of months -- started a couple of months ago) would provide a great opportunity to accumulate MMG for the long term.

The Zip code changing potential of MMG becomes obvious when you do a comparative valuation analysis of MMG vs. other late stage preproduction world-class zinc projects, or vs. current zinc producers (trading orders of magnitude higher: http://www.investorshub.com/boards/read_msg.asp?message_id=14615486 ) and discount back for the time and risks to get to production. If you look at those numbers, you'll see how ridiculously undervalued MMG is at about 1/4 of one year's future cash flow for what could be, in about a year, the biggest proven feasible preproduction zinc project in the world (and maybe the only one with 150,000+ tpa zinc production). They also have lots of very high-grade silver: http://www.investorshub.com/boards/read_msg.asp?message_id=15449951

Since they only got Amex listing last month, there's huge pent-up demand from institutions who will want a piece of the only zinc junior listed in the U.S., especially if zinc stays strong or breaks out to new highs (only about 10 cents higher). If they make it to production, which looks like a very solid bet given that the same team got the similar Skorpion mine into production at .35 zinc, MMG would have to go up enormously in coming years just to get a similar valuation to the zinc miners in production, which are arguably very undervalued. I don't know of any stock in any sector that has as sure a huge return for coming years.

I plan on changing my zip code at some point in the next few years with MMG as the vehicle.

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