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Gold/Mining/Energy : McEwen Mining

MUX 19.03

+2.4%

3:59 PM EDT

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From: Rich Wolf	6/11/2012 10:16:50 PM
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Barrick problem with glaciers in Argentina and Chile, per Harvey Organ *The Situation Is Even More Dire Than I Imagined* tfmetalsreport.com Takeaway: If Barrick has already sold as-yet-unmined Argentine silver to SLW, and now has a problem accessing it because it was blatantly planning to move glaciers, they would need to buy silver somewhere, to deliver to SLW. Better to buy rights from a neighboring producer, than to go on the open market. My thought is that Hochchild (51% owner of San Jose, of which MUX is 49% owner) could arrange to sell the silver in Argentina to Barrick, at terms favorable to us, with payment in US dollars external to Argentina. :-) Just a thought.

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