Travis, do you or Myron have any thoughts on MUX?
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Don’t know them at all, sorry — I see they’re a decent-sized miner, so perhaps they’ve crossed Myron’s path.
Re Mux. Mux is now part of the McEwen mining group.McEwen is and developer of Goldcorp, my fave major miner. Mux and McEwen have been stagnant -$250-300/ share for quite a while. Even in these constrained times for junior miners, they are consistently within their channels. When evaluating miners, Rule and Casey emphasize the role of the CEO and competence of same. McEwen has a proved record. He is in the process of M&A to increase reserves of PMs.
At reasonable price/ share, I am holding Mux for a term long enough for the ultimate(hopefully) bull market in PMs.
I am just a retail investor, not privy to any special info.
Due diligence and Caveat Emptor. Bon Chance. Herach
Gold has been in the doldrums for quite some time now but has regular breakouts that so far have not been sustained. People who look at only the daily fluctuations are missing the point, once precious metals do break to the upside based on the unpayable debts, wars, or dollar decline, what ever catalyst triggers the rise of hard assets, those who have not positioned themselves in ADVANCE are likely to be left at the station while the train pulls out and picks up speed so fast it will be difficult to get on board.
Henry has it right, Rob McEwen has “a proven record” and is not only focussed on building reserves but has aligned himself with shareholders in that he has $26. million invested in his company while paying himself a $1. salary, the point being that he benefits only to the extent that other shareholders do. Very rare in any industry where CEO’s normally pay themselves outrageous salaries even if the company is not doing well, or possibly in danger of going bankrupt. With Rob at the helm you are in good hands. You may have to wait a while for a payoff, but there are few companies in the space that can match the MUX fundamentals long term. Search the Gumshoe website for my original profile.