Great Trades

Great stock trades based on fundamentals and technical analysis.

Thursday, May 11, 2006

Metalline Mining (MMGG), the Silver Stock

Metalline Mining (MMGG) announced drill results on their polymetallic manto this morning (second column from the right in the lower portion should be labeled Silver oz/tonned, not Silver g/tonne). With multiple very high grade silver and zinc veins shown in these initial results, MMGG should now be considered a silver stock as well as a zinc stock.

We've been pounding the table on MMGG for months based on their zinc mining potential, but now they deserve a much higher valuation based on their huge silver potential in addition to the zinc.

Despite the recent sharp rally in the stock that has already met the cup & handle breakout target over $5 we mentioned last Friday, MMGG remains our favorite stock and best idea for long-term upside potential.

posted by GreatTrades # 10:54 AM

Comments:

No, the numbers in the analysis so far are based on the zinc alone. Zinc at $1.71/pound now improves those numbers, but today's results are from the Polymetallic Manto (silver/copper side), which is completely separate.

Today's results are excellent, but more results are needed before doing a good analysis on the silver/copper value. The gist of today's news is that MMGG should now be considered a silver stock as well as a zinc stock.

# posted by

GreatTrades : 3:06 PM

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