Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

McEwen Mining Inc MUX

Alternate Symbol(s):  T.MUX

McEwen Mining Inc. is a gold and silver producer. It owns over 48% of McEwen Copper Inc., which owns the Los Azules copper project in Argentina. Its segments include Canada, United States, Mexico, Minera Santa Cruz S.A. (MSC) and McEwen Copper. The United States segment includes the Gold Bar mine and its exploration properties in the State of Nevada. Canada segment includes the Fox Complex gold properties, including its Froome underground mine; the Stock Project; the Stock mill; the Grey Fox exploration project; a number of exploration properties located near the city of Timmins, Ontario, Canada, and the Black Fox mine. Mexico segment includes the El Gallo mine and the related advanced-stage Fenix Project, located in Sinaloa state. MSC Segment includes 49% interest in the San Jose mine, located in Santa Cruz, Argentina. Its Eureka project includes the Lookout Mountain Property and the historical Lookout Mountain and Windfall Mines in a total property position of over 28 square miles.


NYSE:MUX - Post by User

Bullboard Posts
Comment by BCBeaveron Nov 19, 2012 4:34pm
358 Views
Post# 20619318

RE: Shoot first, ask questions later

RE: Shoot first, ask questions later

'they actually have to put of 50% of the expenses to earn that right.'-- true, up to a point.

TNR will still earn a 25% pro-rated interest of copper produced beyond that stipulation.

Some estimate that TNR's share will amount to 8 Billion tonnes or more over the life of the mine.

If copper is produced at an estimated recovered market value less expenses of < $3/lb, that is still lucrative.

Roughly, divide 8/3 and you get 2.667. A quick estimate of $2.67 BILLION to be gained by TNR far outweighs any millions that remain to be spent.

Even if it costs $500 million to commission a producing mine, total costs will no doubt be met by investment partnerships through JV's and capital offerings that will infuse cash externally.

The upshot is that nobody is being stopped here as the weeds of litigation are cleared away.

This settlement is good for both sides because both parties have incentive to cooperate and it lets both sdes PROCEED!

Bullboard Posts