Agoracom

Hi Nubote!

I think the whole management dispute is a short term issue that should be resolved quickly. Either current management will have enough votes, or they wont. Whichever group ends up in control the plan is to merge the Pasacancha property interests. The dispute is just regarding the terms of the merger, and if Brown wins, then MMG shareholders get a bit better of a deal. Thats it, as far as I can tell.

As for the global economics concern, I do not confuse what goes on in the futures trading pits and the commentary on CNBC, with the real situation in terms of resources. Sentiment tends to swing to extremes and right now we are on the extreme bearish level. I do NOT think that a recession in the US is going to create a slowing in demand worldwide for resources. I do NOT think the uptick in the dollar is anything more than a countertrend rally. I do NOT think the correction in most commodities last week is more than just a bear raid that induced panic selling. So in short, all of the hype from last week is just noise and it will abate.

The real fundamentals still show dangerously low inventories of almost every commodity. For example, I am going to call my bullion dealer in Vancouver tomorrow but I have seen it reported elsewhere that 100-oz silver bars are sold out, regardless of the meltdown in the spot market. I believe a similar reality exists for most other commodities, and therefore the weak spot prices are just a short term mirage.

To answer your question I think that once we get infill drilling completed and a resource estimate prepared, then we should see Aguilla move to the front of the line for copper deposits on sale. The completion of the drilling work is probably going to result in higher share prices then for DRV once it is all priced in.

I own shares in both companies. My entire PF is leveraged to mining juniors, and it took a big hit last week, but I am not concerned and will not be rotating my money into other sectors. I remain bullish, and thats just my opinion. We may get further selling and margin calls hitting the sector next week, but my expectation is that real demand will trump paper futures liquidation, and money will flow back into the sector once people figure out that the commodites have NOT topped out.

cheers!

mike