McEwen Mining Inc (MUX)

[gharma]

There is an updated preliminary economic assessment expected in Q3
That will be the best answer to your questions.

That said, the last resource update showed almost 20 billion pounds of copper indicated and inferred, and this did not include anything for the more recently discovered deeper mineralization potential of the property. From what I have seen, larger, early stage, copper deposits have brought in the area of 0.01+ (one US cent or more) per pound estimated copper which would be $200 million for 2 billion pounds. That however places no value on the 3.42 million indicated and inferred gold ounces or the 108 million indicated and inferred silver ounces.

However, without a buyer, the value is realistically zero, and word is that majors able to take on such a larger project are not shopping for resources currently.