Re: News....englishchris
in response to
by
posted on
Jul 22, 2008 02:37AM
A New Mid-Tier Gold & Silver Producer - Mexico
Mining reminds me of the construction business. You have a plan and do your best to stick to it, but unforseen things go wrong (like these protestors for instance) which knock your schedule back. Then the client starts getting on your back because you said you'd be done by such and such a date, then you rush to get finished and mess things up etc etc.
One reason I like MFN is that I've heard a number of people (Puplava, Eric King, Jone Doody) all sing Mark Bailey's praises, how he has looked after the shareholders by not diluting unecessarily and how he has built the mine with a "belt and braces" approach. So, I'm confident he'll make steady progress and bring the production on as fast as is reasonably possible, without taking any risks.
The underlying value in the company will show up in the share price before long. I guess we just have to be patient, which is easy for me to say as I'm still adding, more difficult if you're a fully invested long termer, of course.