McEwen Mining Inc (MUX)

[gharma]

I realize you addressed your question to JD and by responding I do not mean to show no interest in JD's reply, when it comes.
What I wanted to point out is that with Tri-Valley bankrupt, that means they will miss their payment schedule on the senior notes that their former and long-time chairman of the board had extended to them. The terms of those notes as I understood when researching prior NRs is that he holds as collateral a senior claim on all shares of the subsidiary that holds a number of the Tri-Valley properties, including Richardsom. So, if Tri-Valley is liquidated, unlike a number of junior exploration bankruptcies in the wake of the late 2008 to mid-2009 (and later) my guess is that the properties will not be up for sale as part of the bankruptcy proceedings. Rather, the subsidiary, a private company, will be wholely owned by the ex-chair, who might be looking for a new partner or owner; but that would be the same individual with whom US Gold had struck the prior deal.