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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: hubris33 who wrote (8120)3/18/2006 12:05:10 PM
From: maxncompany  Read Replies (1) of 78410
 
"Certainly Magistral could be restarted to generate some cash, if McEwen can do a "Red Lake" upgrade on it."

What exactly do you mean? Magistral is a high cost mine, which is why Queenstake sold it to Nevada Pacific in the first place. Nevada Pacific also found Magistral to be high cost. Now, of course, a rising POG helps, but that's not what you said. McEwen cannot magically change the geology of Magistral. It is what it is. A Red Lake comparison is, to put it kindly, just a bit off base.
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