Thanks for posting this report.

What really appeals to me in this report is:

Ratings are as follows: BUY (69%), HOLD (13%), SELL (3%), SUSPEND (15%).

This means that 82% have confidence in MGR, as described below:

The company operates in an industry where it has a strong position (for example a monopoly, high market share etc.) or operates in a regulated industry.

The future outlook is stable or positive for the industry. The company generates positive free cash flow and has a history of profitability. The capital structure is conservative with little or no debt.

China Nonferrous Metals Exploration Corp.(CNME) are smart guys, to invest in our company.

You can also say (this is meant as a joke?): are we as MGR investors so smart, or are the other so stupid.

Make your own choice in this exciting time.

In my opinion the "Fair Valuation" can at least be increased with a factor 2 or 3 or ……,the emerging market will decide it.

I have confidence in the team of MGR and ..... HBM

☺ Gr.