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McEwen Mining Inc. Message Board

  • rxbond rxbond Feb 6, 2013 1:11 PM Flag

    Los Azules:..On the other hand

    Funding El Gallo through via equity financing would be a good chioce as well and keeping Los Azules till at least to a Pre-Feas stage, which would take 2 more drilling seasons. The Value for Los Azules would very likely jump over a billion!!. It would take approx 20 percent of present market cap to finance El Gallo, but the upside we would have a copper despost worth over a billion 2 years from now, not mentioning more rights offering and a possible spin off of los azules which would offer more free shares to shareholders. They are comparsion charts out there that compares recent copper aquisations and the stage of development of the deposits. Their is a considerable difference in valuations . It wouldnt take that much money and time, relatively speaking, to take Los Azules to a whole different lime light. We are still considered in early stages in development, I personally rather not see it sold at a discount, consideraing how close we are to a successful completion of a mission that would catapult Los Azules. It maybe a good idea to see this deposit, rated number one in grade , defined more This is most definitely a inflection point for the company..

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