Bullboard - Stock Discussion Forum McEwen Mining Inc MUX

Alternate Symbol(s): T.MUX

Metals & Mining Gold

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... see more

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McEwen Mining Inc > I'm okay with that

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Post by YoDrop on Jul 06, 2021 8:03pm

I'm okay with that

I'm okay with MUX not taking on the HUGE task of getting a copper mine started. There would be major negatives to the current shareholders, such as dilution, politics, exploration, financing, dilution, building roads, financing, building the mine, dilution, and dilution. However the shareholders carried the cost of this for a while now. The real question is what's in it for us Rob? Don't be another Guy Bourassa.

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Comment by Tikinagan on Jul 06, 2021 10:31pm

You are right about the, "what's in it for us?" question. But what in this plan makes MUX not responsible for getting a copper mine started? Who in this plan does that? I had anticipated a joint venture with a copper major; you know, people who know how to do this stuff. All we have are vague hints about "consultants" telling RM and the McEwen Copper shareholders (a ...more

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Comment by Calgary_AB on Jul 07, 2021 9:04am

Hi YoDrop there is a % that will be owned by MUX but they don't have that worked out yet...let's see what they do. You are correct with a costly non producing asset that draggs down the SP

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