| | | Re: The Writing Was On The Wall" Worth about as much as something written on a Bathroom Wall.
I enjoyed countering the negative with a comment.
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Yesterday, 2:04 PM
Rob McEwen is Perfectly aligned with his shareholders, as he was with Gold Corp. he owns 80M shares which he purchased at a cost of $133M, and he increasing +25M shares, he takes No Bonus and No Options. He was obligated to take a $1. a year Salary. He makes money the same way as Shareholders by a Higher Share Price Value just as he did with Gold Corp. Who knows Black Fox may turn out to be another Red Lake.
Finding Shareholder Value
When you Purchase an Asset like Black Fox for $0.06 on the dollar, we'll then that's finding Shareholder Value. The Payoff is in the future, McEwen preferred to do this Purchase as a straight out debit purchase, no sweetners, no convetability, no warrants. But it could not be done. Rob McEwen also Purchased 1/2 of the debt personally.
If it took reducing the Companies Balance Sheet and more to purchase an Asset such as Black Fox for 6 cents on the Dollar, and finish building out Gold Bar Extension then I say go for it !
Production is up over 35% over last year as of Q2 2019.
None of this has mentioned Copper the Sleeping Giant and McEwen Mining's Copper Elephant LOS AZULES that's 30 Billion Pounds of Copper at $0.03Lb that's $900M at 7 cents a Pound (it's last peak) that's over $2 Billion.
Black Fox's Gray Fox has had a Successful Exploration Campaign with just reported drill results from its Gibson and Whiskey Jack targets within the Grey Fox deposit area, a part of the Black Fox Complex in Timmins, Canada
With a Mill capable of running excess capacity.
www.mcewenmining.com/...
To conclude McEwen Mining is a good play IMO, with many Assets including a Pure Silver Mine in Mexico, next to its El Gallo Gold Mine, a Pure Silver Mine is something that is Rare to find in this World.
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