RE: RE: RE: RE: RE: RE: RE: Murky
Dykman & All
Dykman, 15% of 15.4 billion = 2.31 billion, not 2.3 billion. By dropping the “1” you erase/exclude 10 million pounds of copper - If you find that I make a mistake, please correct as well.
Most recent values I can find for PMs, (precious metals) and copper are shown below – Expect the PM values to increase dramatically if the price of gold and silver continue to rise - If anyone has access to more recent values please share them with the board – While it’s true that M&A deals are based on fractional values of mineral resources; readers/investors should know the ‘street value’ worth of mineral resources subject to M&A offers. It should also be noted that the huge size of the CU, (copper) deposit will demand a premium in $$$ value.
It should be noted that any sale or JV partnership agreement made will be controlled by MUX. The CEO of MUX, (R. McEwen) will demand a high price for Los Azules resources.
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CANACCORD Genuity (05082012.pdf)
May 8, 2012 in situ prices
Gold ---- $65.90 oz
Silver ---- $1.29 oz
Copper -- $0.0358 lb
LOS AZULES RESOURCES
15.4 billion pounds copper x $0.0358 = $551,320,000
2.5 million ounces gold x $65.90 = $164,750,000
75 million ounces silver x $1.29 = $96,750,000
TOTAL ------------------------------ $812,820,000
15% of $812,820,000 = $121,923,000
$121,923,000 (TNR share)
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STREET VALUE
(This is what a buyer and/or JV partner will have on their mind)
15.4 billion pounds copper x $3.44 = $52,976,000,000
2.5 million ounces gold x $1,725.90 = $4,314,750,000
75 million ounces silver x $32.60 = $2,445,000,000
TOTAL -------------------------------------- $59,735,750,000
15% of $59,735,750,000 = $8,960,362,500
$8,960,362,500 (TNR share)
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PRESENT ACTIVITY AT LOS AZULES
(Expect resource quantities to grow above and beyond those stated above)
As noted in our November 7th news release, drilling began at Los Azules on October 12th. Los Azules is one of the world's largest and highest grade undeveloped copper porphyry deposits. A total of seven drills are operating at the property. The drills are considerably more powerful than the ones used during past field seasons. The Company believes this will increase the likelihood of reaching target depths (+700 meters), where high-grade copper mineralization has been discovered. Initial drill assay results are expected to be released early in 2013. The Company plans to drill approximately 15,000 meters this season.
https://www.mcewenmining.com/Media-Events/News-Releases/News-Releases-Details/2012/McEwen-Mining-Inc-Los-Azules-Lawsuit-Settled1131905/default.aspx