McEwen Mining Inc (MUX)

[wshaw14]

Patience my friend. It seems it will take a while for the market to realize the true magnitude of value of the Black Fox acquisition. The share price will come in due time. Black Fox is fully capable of producing 80-100,000 ounces in the coming year at a very attractive AISC. Then increase from there as Grey Fox , Fromme Zone, and other Timmins properties start producing ore. At Black Fox the 7.09gpt reported by Primero is good, but not as good as Black Fox can get. Take a look at some of the recent drilling results. I dont expect a whole lot out of this until a full quarter (or maybe even two) of production is reported. The stockpile is probably now depleted (so I think Sept production may drop a little) and it may take a little time to ramp up underground production. To get an operating mine and and late stage exploration property of this quality for $35M is a dream.