Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: hubris33 who wrote (3491)	12/23/2005 4:32:05 PM
From: maxncompany	Read Replies (1) of 78410

"Should be no more difficult to accomplish than at Red Lake? <g> H3" Well, Magistral ain't no Red Lake, by a long shot. Magistral was sold to Nevada Pacific because of the very reason Nevada Pacific shut it down........costs were too high. I wouldn't count on Magistral for anything. And USGL doesn't even own it yet. You'll get revenues from the Minera Andes project going into production 1 year from now (if McEwen merges them into USGL), but that's a better property than the dog Magistral. McEwen will merge a bunch of these companies into USGL, and the USGL share price will do very well.......for a while, due to McEwen rep and the hot sizzle that the Cortez Trend is now enjoying. But when all the wheeling and dealing is done, then reality sets in. Then it's about fundamentals like capex costs, dilution, revenues, earnings, etc.... So USGL over the next year or two should be a great stock to own. I would take profits when reality sets in, and actual mining profits are required to prove the worth of the stock.

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