RE:RE:New Mine Greenlit in Argentina
I mention Cerro Morro mostly because it is a sign of increasing confidence in the future of Argentina mining. Yamana's CapEx is going to be pretty reasonable and payback short...unlike Barrick's stalled, over-budget mine in the sky on the Chile/Argentina border.
As for Marifil, the cash burn rate is really low and I hear that things are slowly progressing, but with bureaucrats in multiple countries, expect a few more months for a limestone deal to be inked. I do not see any immediate need for Marifil to raise funds prior to that potential deal, so I've been a buyer at 1 and 1.5. I've got just about enough for a seat on the board!
Even 3 cents is going to be a huge percentage gain from where we are.