Replies to post #11210 on Mining Global Inc (MNGG)

[VortMax]

i will say this again, the refinery that the CEO has clearly got hit due to metal prices falling from 2011 to 2013 (which he was a creditor and took over in July 2013), but now that prices are rising, its a friggin bonanza. Like printing money, could be looking at $25M/year rev and 20% net so $5M giving a $100M valuation:

http://brokentelephonez.wordpress.com/2013/02/05/how-gold-refining-companies-earn-big-profits/