Zeev's Turnips Patch-No Politics (ZEEV)

[alohamart]

Per this old report (http://www.stocksontheweb.com/mmgg.pdf), the cost would be around $200-250 million. The exact amount will be determined by the in-process feasibility study.

They plan on using the feasibility study to get bank debt financing for the building of the mine. They're using the same team that conducted the feasibility study for the Skorpion mine in Africa, the lowest cost zinc producer in the industry. That team produced a bankable feasibility study to finance that mine and also executed it to get Skorpion into production.

There's some good info in this project update: http://biz.yahoo.com/bw/050318/185363_1.html. This essay also has some good info: http://www.stockhouse.ca/bullboards/viewmessage.asp?no=9361009&t=0&all=0&TableID=1.

I also created a MMGG valuation spreadsheet by taking the stock valuation methodology from that old stocksontheweb report (linked at top) and updating the numbers to current figures. I also added an alternative valuation model which takes the present value of the assumed after-tax cash flow from the zinc mine. They point to a current fair value of $7-15/share (for the zinc portion only) given the assumptions. PM me if you'd like me to email that to you.

Hope that helps...