|2 SMALL JR'S TO LOOK AT|
been following 2 small juniors for a while, both incredibly undervalued:
mmy.v, mmtmf Monument Mining, selling at an incredible pe of less than 3! Gonna go off deep end and become diversified copper/sulphur/au/ag producer with a super cheap buy of a 23 year mine life deposit in Malaysia. Cheapness is hard to believe. Earned 9 cents last quarter, price is 45 cents. earned .19 fy 2011 ended 6/30/2011. Right now has earned .16 this year in first 2 Quarters.
riskier one in that they are just now beginning to pour gold, and it is alluvial, with little recognized reserves,rbyc. Those that have been on their 1500 km2 have found alluvial surface gold and down to 12M depth, with grades increasing as they deepen, as is usual with alluvial. Expect to be producing 50K-75K annually in 21 months. Should be profitable this year, but maybe just barely. The staggering size of the land package, and the fact that even with little water, alluvial miners have been successful over large areas, yields possible gold amounts in the 10s' of millions of oz.