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dr_airtime

12/31/14 2:04 PM

#31604 RE: dr_airtime #31601

MUX/MUX.TO

Bought some today. AISC is forecasted at $1050 for 2015 with production bump. There two operating mines include one of the highest grade gold heap leaches in Americas (El Gallo 1 1.6gpt - slide 40 below) and one of highest grade underground gold mines in world (San Jose - 15g/t see slide 26) with MUX.

http://www.mcewenmining.com/files/doc_presentations/20141119_goldman_6_internal_est.pdf

You basically almost get Los Azules (see slide 45 above) the highest grade copper porphory depost in world for free now.

MUX has two near term development mines which are El Gallo 2 and Gold Bar which could take them to 300,000 oz/year by 2017.

Old interview with Rob below. I've bitten now and will continue with my DD.

http://www.mineweb.com/interview-mcewen-on-goldcorps-hostile-bid-ma-opportunity-and-market-bottoms/