Post by
arh0070 on May 03, 2021 12:07pm
Los Azules
There is no question that this is the jewel in the Crown .The two big problems in realizing its value is ;1) Mux doesn't have the money to develop it having barely avoided bankruptcy ;2) its in Argentina with significant political risk ,so how to find a jv partner or a buyout to risk billions of dollars over multiple years to develop it in Argentina which is going broke again for the 10th time in the last 100 yrs .There is a reason for the song"don't cry for me Argentina".
Comment by
gisellekronk on May 05, 2021 12:44pm
or maybe , sell it for cash and a retained net smelter percent , that way no need to raise money and dillute shareholdes for a multi year wait for a pay off .
Comment by
Tikinagan on May 11, 2021 1:20pm
I like that idea a lot. It puts the cash (much needed) to Mux, and puts the (massive) responsibility of mine development in a remote location onto someone else. And now is the time when one of the majors might go for it.