RE: RE: Opportunity Knocks.. Mouserman,
First, Happy Holidays and most important, Merry Christmas.
From your message, (see below) if Mux approached TNR with an offer for their share of Los Azules, (via back-in rights) I believe we would have to assume that MUX had an offer for Los Azules. R. McEwen, MUX CEO, has a history of paying less than fair value for projects/PM mines. Personally, I would not accept his offer, I would wait and see what developed.
"Best thing that could happen would be MUX buying out TNR's back in right , to make Los Azules easier to sell."
If an offer is made, MUX is in the driver's seat, regardless of their not owning 100% of Los Azules. What would remain, in the event of an offer made, is MUX and TNR deciding on the % that TNR would receive at the time of sale. I believe if TNR management remained firm on their demand of receiving a fair price for their portion of Los Azules, MUX would 'finally' agree with them and sale would proceed - I think TNR learned their lesson on agreeing to anything, just grab the money and run, (and count it later, to see how much they got) when they signed the original agreement, (for their Los Azules resources) with Xstrata.