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Gold/Mining/Energy : McEwen Mining

MUX 19.69

-1.6%

Dec 24 12:59 PM EST

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To: slowmo who wrote (14329)	1/16/2016 12:13:27 PM
From: rxbond	Read Replies (1) of 24547

You brought up a good question. Not sure where you found that press release but it was misleading. If you go to Mux home page under press releases they explained the average scenario as well. On another note. Copper prices keeps declining and a impairment being triggered at Los Azules is getting very real. The best thing going for LA right now that its a long term project and potential buyers consider future copper prices more crucial then present prices, but the NPV does take hit. Rob will have interesting decision to make with EG2 if the study indicates its viable with silver price at $17. Does he help fund the project by selling LA at a discount price or does he go to market for the funds. When mux SP was at $2.80 it was a easy decision, we just needed 20 percent of the market cap to build the project. With recent positive developments and capex reductions, a share price of $2.30 today will get us the same deal. Rob DOES NOT like giving things away, I think he hangs on to LA , stays focus on EG1, counts on San Jose to turn a new leaf, share price to rise, but with everything riding on silver prices to rise.

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