McEwen Mining Inc (MUX)

[JD400]

Think theirs any generals able to resist a cannonade of one million pesos, I have done a little mining along the Mexico border here in Arizona. The stories we heard coming across from small start up mines were startling. With claims that Federales just barge in and want to inspect the classification tables. Just grappling everywhere. I'm assuming "Justicialismo" the attitude of steering clear between capitalism and socialism is still very much alive in Argentina.

My first inclinations regarding the repatriates is mining firms were hoping that the Argentine Paso would keep devaluating which would help buffer the costs and that still may happen but lately the Argentine government keeps propping it up and with the last round of spur of the moment repatriations in everything like farming,Agriculture, Paper, Airlines and Exports on everything it seems that they are going more Marxist everyday.That is when my proletarian internationalism kicks in. LOL Go Argentina. Do What You Must, We Americans are all for democracy once that Paso gets tendered here. Plus we know gold is going to sky rocket soon I"m thinking the Paso's that are left there and the Paso's that leave there both get taxed.We must assume that the 1 to 2 million is just an estimate for Santa Cruz projects. It even gets more interesting when you kick in the Canadian dollar valuations. I think we are all at a measure of uncertainty until we find more information.
With that said "they still have dam good holes" and its' 25 % to 45% cheaper to mine there.

Thanks for helping me understand this stock. Never was much of a MN player I am here because of there Nevada properties.