Mines Management Inc (MGN)

[Montanore]

They really do have that silver and copper under the ground, but the legal hurdles are high and complex...mining probably not going to happen in the current environment. Speaking of environment, that area is very pristine (I know, I've been there) and if they ever do mine the cost per ounce would be very high. Silver prices would have to go much higher to make it viable.

Meanwhile, management is pretty good--but they fund operations by diluting and selling shares. I bailed a long time ago. Given the suppression in precious metals, this could go still lower. It might be a bargain 'round a quarter or so.

But who knows....