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Re: valuemind post# 26911

Wednesday, 01/04/2012 5:31:43 PM

Wednesday, January 04, 2012 5:31:43 PM

Post# of 35745
MMY.V - Valuemind

I looked into MMY briefly this summer before the selloff after the hugely dilutive PP when MMY was still undervalue on a financial basis. If I recall, their minelife on existing mine was only 3-4 years so it was NAV, not PE or CF multiple valuation that was holding them back from further appreciation.

I did take a peek at MMY's chart today though and they sold off hard during tax season, so looks enticing for a trade, but for the longer-there are many other candidates with much longer mine lives.

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