Latest investor report:-

http://www.maghrebminerals.co.uk/documents/maghreb/Feb2007/February%202007%20Maghreb%20Minerals%20Presentation%20Indaba%20Mining%20Confernce%20South%20Africa.pdf

With MMS recently concluding deals in Tunisia it has estimated reserves and disused mines with a value in excess of $1billion.

The company is in discussions with JV partners that will bring in the capital to re-start mining quickly.

What value would you place on a company with value in the ground.

With a market cap. of under 4m this looks way too low and should fly with a JV in place.

The share is tightly held with a listed Canadian mining group owning 24%.

Positive news could see the SP multi-bag within days...

Not one for widows or orphans but a small stake could pay dividends in any portfolio.

http://www.maghrebminerals.co.uk/web/maghreb/index.cfm?page=104



Outlook
-------

The Group's focus in the immediate future is on its Tunisian assets and in
particular on those most likely to be able to be converted into producing mines
in the near term.

Now that the important agreements on the two former mine concessions at Bou
Jabeur and Fej Lahdoum have been signed with the O.N.M in Tunisia together with
the acquisition of the fluorite permit at Zriba (Zaghouan), Maghreb is focussing
on the "advanced exploration" opportunities that these permits provide. This
will be followed in due course by exploration on its other permits including
Djebel Fej Lahdoum, Djebel Goraa, Lorbeus and Ouled Moussa.

The Group has been approached by, and opened discussions with, a number of
parties who have expressed interest in entering into varying commercial
relationships to exploit the different mining concessions and exploration
permits held by the Group.

Scott Wilson provides services to the mining industry at all stages of project development from exploration and resource evaluation through scoping, prefeasibility and feasibility studies, financing, permitting, construction, operation, closure and rehabilitation. We advise exploration and mining companies, financial institutions, governments, law firms and individual investors on the technical and commercial aspects of mineral property development!!!!!!!

With news next week we'll soon find out if there's enough in the ground to make future mining viable.

If not we may see Passin reverse some other venture into this, Mongolian assets seem much sought after at the minute.

With AGU recently getting an offtake agreement with a much lower resource than Maghreb, I can't see them concluding that Bon Jabeur isn't viable.

would give a severe dent to the credibility of Passin as well.

gl to all holding.

Commodities about to start a new bull run perhaps.

plenty talk of the worse being over now.

yes,still no news from MMS.this can be negative

next week will be moment of truth!

yep, time for it to fly or die..

nor fly anytime soon nor it'll die. news, i think good and positive. could be rewarding holding

in the hands of passin now, will he shaft existing holders!!!

why would he want to shaft existing holders???

Technical Analysis - Zinc - Breaks higher, looking good
BaseMetals.com - William Adams - Zinc punched up through resistance at $1360, thus breaking out of its long protracted base. The count from the broad base is $1682.Technical Analysis - Lead - Climbing again
BaseMetals.com - William Adams - Lead prices are attempting to push higher having put in a decent consolidation. The pull back held the support lines and the 30 dma.

The results of the Scoping Study together with a sensitivity analysis based on differing prices of Pb and Zn at a production rate of 1,500t/day with other prices and factors remaining constant are tabled below.












Mineral Prices

(US $/t)
Head Grade (%, and for Ag, g/t) at 15% dilution
Pre-Tax Total Cash Flow (US $'million)
Pre-Tax Net Present Value at 8% discount rate (US $'million)
Attributable NPV per Maghreb Share

(pence per share) *

Base Case




12.43
(18.1)
(12.1)

Zn
1,200
3.06







Pb
1,400
1.87







Ag
10
6.35







CAF2 - (f.o.b.)
300
6.69







BaSO4 -Mud Grade (f.o.b.)
100



34.44







BaSO4 -Chemical Grade (f.o.b.)
150
34.44







Base plus 10%




31.8
(6.2)
(4.1)

Zn
1,320









Pb
1,540









Base plus 20%




49.6
4.7
3.2

Zn
1,440









Pb
1,680









Base plus 30%




67.3
15.5
10.4

Zn
1,560









Pb
1,820









Base plus 40%




85.0
26.4
17.6

Zn
1,680









Pb
1,960









Base plus 50%




102.8
37.2
24.8

Zn
1,800









Pb
2,100



















The results of the Scoping Study together with a sensitivity analysis based on differing prices of Pb and Zn at a production rate of 1,500t/day with other prices and factors remaining constant are tabled below.












Mineral Prices

(US $/t)
Head Grade (%, and for Ag, g/t) at 15% dilution
Pre-Tax Total Cash Flow (US $'million)
Pre-Tax Net Present Value at 8% discount rate (US $'million)
Attributable NPV per Maghreb Share

(pence per share) *

Base Case




12.43
(18.1)
(12.1)

Zn
1,200
3.06







Pb
1,400
1.87







Ag
10
6.35







CAF2 - (f.o.b.)
300
6.69







BaSO4 -Mud Grade (f.o.b.)
100



34.44







BaSO4 -Chemical Grade (f.o.b.)
150
34.44







Base plus 10%




31.8
(6.2)
(4.1)

Zn
1,320









Pb
1,540









Base plus 20%




49.6
4.7
3.2

Zn
1,440









Pb
1,680









Base plus 30%




67.3
15.5
10.4

Zn
1,560









Pb
1,820









Base plus 40%




85.0
26.4
17.6

Zn
1,680









Pb
1,960









Base plus 50%




102.8
37.2
24.8

Zn
1,800









Pb
2,100

that didnt come out well.
but if zinc and lead do rise to $1680 or hold around $1600 mms predicted cashflow would be around $47mln.

Zinc has pushed up through $1360 and seems set to extend gains. So far it has reached $1430 so is gradualling creeping towards our $1515.Lead put in a strong push higher last week and these gains were extended in early trading this morning to $1449.basemetals are moving higher should we see the same to mms price???

late flurry of buying, with lead & zinc rising strongly are the mines now a goer???

china is hungry for the stuff ,india needs it.at this prices mms is turning economical

not seen this buying volume in mms for a while???

seem like no one writes here anymore.
shouldn't we see MMS price retreat back to "around 5p" with recent progress in Zn+Pb prices. and it looks like this could be longer-term trend.
according to MMS scoping study- with Zn at $1440 and Pb $1680 MMS pre-tax cash flow would be around $49.6 mln. current cash prices are zn $1589/pb $1481.
"we'll not miss the next commodity boom" words of CEO.
any thoughts???

I think so kuzemko. Bought another c.50k this morning.