My convictions regarding this gold market and this stock remain unchanged. Both are sceaming buys. Gold will explode one day......
But we don't know when.
So MAENF shareholders have to consider what will happen in six months when MAENF's current hedging progam runs out? Obviously, hedging now or any time recently would have locked in a loss.
So I'd appreciate thoughts on the following, assuming $280 gold on June, 1998:
1. Does anyone know if additional hedging was arranged earlier?
2. if no, Miramar shuts down the Con Mine; Luckily, debt is no problem; but to avoid a quicker burn rate, lots of layoffs?
3. Miramar continues to mine its PP silver from the con mine, and NNO focuses on development exploration of silver, copper, molybednum, taking advantage of the seeming trend of a divergence betwen gold and other metals?
4. Miramar comes up with new mine plan that will drastically reduce the cost of mining, but also implies much lower production for the year?
5. Miramar liquidates its assets, declares a nice fat dividend and closes shop?
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