|Hi, First time poster but long time Minera shareholder, since 2002. While it has been painful the last few weeks I think a focus on the bigger picture might be helpful. First, the San Jose mine has been so under-explored it is not even funny. It now has a reserve life of 12 years and I think at some point there may be an expansion since RM and Eddie are not interested in a 20-year mine life. Do not be surprised to see 10 million ounces at the Green Eggs mine in the next few years as more veins are found. Second, the other properties in Argentina have been starved for exploration dollars. I think they might find something at Martes, Celestina or on the adjacent property to Green Eggs. Third, I have met RM a couple of times and I think he is brilliant for taking some unconventional paths to building a company (i.e. Goldcorp challenge). Fourth, he has solved the agency issue. The ability to look institutions in the face and say "I am on your side" and not be lying or withholding something is big and will lead to huge share price appreciation. Fifth, look for Rob to use funds to go to a capital starved company and write a check for a property to be put into production near term. No sense in buying producing assets since you will be buying other people's problems at this point. Lastly, share price is only temporary. Minera went up about 10 fold and US Gold went up 20 fold from the 2008/2009 bottom and this time will not be different. Split the difference and you should see MUX go up 15 fold from here. |
I have greatly enjoyed the discussion on this board the last couple of months and hope I can add something of value.