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Date Posted: 23:00:29 01/11/04 Sun
Author: siempre
Subject: Metalline Resources --MMGG--

from Jason Hommel.....

MMGG.OB (I own shares)
http://www.metalin.com/site_map.html
208-665-2002 Merlin Bingham
14 mil shares fully diluted (Oct 23, 2003)
insiders buying on 9-10-2003 at about $1.30/share
insiders buying on 12-01-2003 at $1.66/share
@ share price $1.75 US
$24.5 mil MC

Additional Comments: Zinc & Silver in Mexico: Sierra Mojada. Sierra Mojada is a Silver District!
Silver: Historic production was 10 mil tons of high grade ore... historic silver production went right "direct shiped" to the smelter, non-milled. It contained 500-1000 grams silver/ton, or 17.65 to 35 oz. ton. This means 170-353 million ounces of historic "high grading," non-milled, production.
(Who knows how much silver is left?) That's the question with an explorer.

Zinc: Very high grades: 11.8% zinc. Potentially the lowest production cost in the entire zinc industry due to new "oxide deposit" chemical extraction process as revolutionary as "heap leaching". Exploring for up to 4 Billion pounds zinc.

Project ownership: MMGG terminated the buy-in agreement with Penoles, who went into default, so MMGG now owns 100% of the project! See
http://biz.yahoo.com/bw/031203/35526_1.html

I believe this is very good for MMGG, since the Penoles agreement made it more difficult to quantify the value the company. Now, it is easier to value the company, and the existing shareholders will own more of the project and profits.

To compare to other silver/zinc projects:
Apex: $661 mil MC: 7.8 billion pounds of zinc, 454 mil oz silver, low grades.
Canadian Zinc: $78 mil MC: 3 billion pounds of zinc, 70 million ounces of silver.
Metaline: $27.3 mil MC: exploring for perhaps 4 billion pounds of zinc and who knows how much silver. (170-335 mil oz. historic production)

For more, see the research works article here:
http://www.stocksontheweb.com/mmgg.htm

Did you know that some market commentators are more bullish on zinc than on silver? Although I'm also bullish on zinc for many of the same supply/demand fundamantals as silver, zinc will NEVER have monetary demand, but silver will. People will never use a pound of zinc (40 cents worth) like they will use a silver dime from 1964 (also worth 40 cents). Think of that. Silver is NOT "too bulky" to be used as money. Zinc is. And this illustrates the abundantly clear difference between zinc and silver--showing why silver and gold are not "just commodities" but money.

(Merlin of MMGG.OB, and Harlan of EXR.V (friends, actually) both have reports that will educate you on the bullish story for Zinc.)

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