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basserdan

02/21/07 3:30 PM

#24155 RE: ItsAllCyclical #24151

>>>MMG is mostly Zinc correct? Do you think Zinc prices will stay strong if the sh*t really starts to hit the fan next year? Or is this looking out 2-5 years?<<<

I'm looking at MMG as a long term play so I'm not all that concerned about a possible prolonged slump in the PoZn, especially since the 5.8 billion lb of zinc will utilize the same milling process that allowed the Skorpion mine in Namibia to be profitable with Zinc at 0.35/lb.

If I may:

What Makes Metalline Mining’s Sierra Mojada Zinc Project Unique

Anglo American plc’s Skorpion mine in Namibia, Africa, is the lowest-cost zinc producer in the world, producing zinc at a cost of about 25 cents/pound. The Skorpion mine is the first and only mine in the world using the solvent extraction electrowinning process for extracting Super High Grade zinc (SHG zinc is 99.995% zinc) from oxide zinc ore. Green Team International (GTI) completed the feasibility study for Skorpion and then designed, supervised the construction and operated the mine and extraction plant through initial production and until they were at 90% of capacity, at which point they turned over operations to Anglo American.

Metalline Mining has hired GTI to do the feasibility study at Sierra Mojada in Mexico, as their experience with the unique process should make going to production almost a “turnkey” process. Using a proven team to implement a proven process that yields the lowest-cost zinc in the world, in one of the largest zinc projects in the world, in a safe area of the world, makes Sierra Mojada a one-of-a-kind project that’s extremely attractive to larger mining companies.

scroll down to the 8-28 entry...

http://www.greatinvestments.blogspot.com/

And then there is Sierra Mojada's abundance of extremely high grade silver.....

MMG, imo, is a multi bagger waiting to happen... but I'm sure you already know that. <vbg>