Minefinders, MFL Message Board

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Gold/Mining/Energy : Minefinders, MFL

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To: Carl R. who wrote (570)	8/27/2008 2:06:48 PM
From: Carl R.	of 578

Minefinders is having a lot of trouble with the locals, apparently. Some are blockading the mine, preventing operations. Either that, or MFN is using the blockages as an excuse to get more time getting all the equipment operating, I suppose. In any case, they have a nice ore body, with ample reserves, and a reasonably low cost of extraction. If they ever get open, they should be profitable, but I'm thinking that worst case, if they have more delays, they will become a takeover target. I don't see a lot of downside risk here.

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