... showing how undervalued we are and what a bit of promotion can do for your market cap.
Have a look at Minaurum Gold (MGG.V):
- started trading Feb. 2010, Gold/Silver/Copper properties in Mexico (similar to FMG)
- 50M shares out (fully diluted) / FMG 44M shares fully diluted
- market cap f/d $ 37.5M (SP $ 0.75) / FMG $ 12.1M (SP $ 0.275)
- Minaurum released 9 drill holes from two properties so far, 3 of which were duds
- out of the 6 holes with mineralization, the best intercepts were:
1. 16.15m @ 0.835 gpt Au / 73.0 gpt Ag / 1.97% Cu
2. 47.64m @ 0.462 gpt Au / 46.0 gpt Ag / 0.98% Cu
3. 11.20m @ 0.587 gpt Au / 40.0 gpt Ag / 0.328% Cu
4. 29.50m @ 1.99 gpt Au
5. 20.50m @ 1.45 gpt Au
6. 7.66m @ 1.13 gpt Au
And now compare that to FMG drill results so far:
1. 37.80m @ 6.51 gpt Au / 678 gpt Ag / 0% Cu (Karen)
2. 33.46m @ 4.27 gpt Au / 395 gpt Ag / 1.24% Cu (Karen)
3. 21.60m @ 4.90 gpt Au / 104 gpt Ag / 0.73% Cu (Karen)
4. 15.70m @ 0.77 gpt Au / 105 gpt Ag / 0% Cu (Diana)
5. 39.00m @ 0.40 gpt Au / 135 gpt Ag / 0% Cu (Diana)
Greater lengths, much higher Au grades (Karen zone), significant higher Ag grades (Karen+Diana) and some comparable Cu grades (+ more holes drilled and less duds) !
Yet, FMG is just on 1/3 (!!!) of MGG market cap at an unbelievable $ 12M !!!
What´s wrong here ?
FANTOMAS
