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21/11/07
08:00
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Strange enough, people judge the value of share by the face value, not the assets behind.
What are in common: FNT, MGO, and PMH?
They are all owners of low grade, large scale copper/moly (gold) deposits.
FNT: 203mt 0.32% Cu (+moly+gold 0.47% CuEq)
MGO: 760mt 0.34% Cu (+moly 0.49% CuEq)
PMH: 810mt 0.4% Cu (+40ppm Moly)
Everyone is flagging big mining operation, big capex and of course, big NPV.
FNT has been very active recently, while MGO and PMH both are in idle.
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