McEwen Mining Inc (MUX)

[TMLonggun]

Gold is basically untraceable and odds are that it will never be found, that is one of the qualities that criminals and non criminals alike desire in gold. They would have more trouble with 8.4 M in cash, at least they have a tiny hope of tracing some of the numbers and following a paper trail. With this gold there is no paper trail and I would bet MUX recovers at most 50% of their losses from insurance. I wonder what the deductible is on that?

Mexico has thousands of small placer mines and many family owned businesses and many cash for gold buyers. It would probably be the easiest money in the world to launder. All they have to do is sell it off through one of these mediums, and depending on who stole it they might even just keep the vast majority of it, sit on it, trade it, or sell it off gradually.

McEwen is an obvious target and there had to have been an ample security force present as well as all the standard security checks so it makes me curious of how exactly all of this went down. Probably got them just as they were leaving and surrounded the armoured car. Often when this stuff goes down there is an inside man who tipped them off to the exact timing as well.