Rob McEwen is in demand now about his views on Gold with equity bubble being challenged last few days. Market manipulations can not be run forever and reality will be settling in at some point. This time can be very close now with Durable Goods report out at - 4.3% (!) in December vs 2.6% in November. Last Jobs Number disaster can be not so "out of range' now as the bubble Media would like us all to think. Gold is at the very important juncture now and decisive move above $1270 will create the short covering fireworks.
Rob continues to innovate even in the tough markets, has appointed the very young and promising Ian Ball as President and now even launched his own drone at El Galo 1! We hope that now he can see the best strategy for the world class Los Azules Copper deposit to realise its value for McEwen Mining and TNR Gold.
With general equity markets sliding into the territory which will challenge Bernanke's Happy Exit with Tapering, time is to listen to those who have seen and have done it. Rob McEwen is dissecting the recent market situation in Gold and M&A activity, which will make the best stories in the market to move very fast from the bottom. McEwen Mining has bottomed at $1.65 in December and has closed at $2.63 last Friday. Los Azules Copper project will be the one of the coming M&A stories this year, which will move valuations of McEwen Mining and TNR Gold. TNR Gold holds shares of McEwen Mining after the settlement on Los Azules. Rob McEwen has announced on Twitter about the commencement of drilling in Nevada now. With Gold crossing $1270 and closing just below it we have a very exciting time for the best stories in junior mining these days."
McEwen Mining Receives Final Environmental Permit for Construction and Operation of El Gallo 2 Project MUX, TNR.v, GDX
"Rob McEwen is on track with development of El Galo 2 and now, after the last main permit has been granted by Mexican authorities, the only question remains where the capital will come from. McEwen Mining had a very impressive run from December $1.65 low to the recent highs of $2.63. Los Azules Copper development remains the major catalyst for McEwen Mining in case of sale of this asset and it will make development of the existing pipeline of project feasible and further acquisitions will bring the dreams about S&P 500 back."
"Nobody loves miners any more - it could be the very good time to accumulate the best stories in the market place. And now it looks like that December was a really good time for it. Still under the radar screens of the mainstream investors best junior miners are turning around from historical oversold levels. Last week CITI went bullish on miners for the first time in three years, so the story will be getting out and new money will be coming into the sector now.
McEwen Mining has been breaking out with the very impressive run from retesting lows of 2013 at just above $1.65 level in mid December to this last Friday close of $2.49 on Volume of 5 million shares. TNR Gold is getting its bids as well now and closed at CAD0.055 last week. Los Azules copper is the key to valuation catalyst for both companies now. TNR Gold holds shares of McEwen Mining after the settlement on Los Azules. TNR Gold is selling its Back-In right with PI Financial engaged and Rob McEwen was relying on Los Azules sale to finance its ambitious expansion plans.
In the recent interview Rob has discussed Argentina situation, which is changing for the better now. Nothing is easy in these markets, but any developments with Los Azules will be the game changer for McEwen Mining and TNR Gold. Rob is talking about potential acquisitions for McEwen Mining, ongoing drilling in Nevada in Q1 and his conversation with "person from the ground in China." Not a lot of people are expecting it, but 5 dollar Copper could be in the cards, according to that source. Needless to say that it will make very happy shareholders of McEwen Mining and TNR Gold and Rob is still standing by his $5,000 price for Gold.
Recent impressive rally in McEwen Mining was fired by the huge short position of over 30 million shares as of December 2013 and should Gold continue its run to the upside shorts will be very nervous. The WSJ article is providing some confirmation of the potential change in the trend for Copper as well."
McEwen Mining And TNR Gold: Report - Argentina Is In The Mood For Change On Investment Policy TNR.v, MUX, LCC.v, SSRI, PAA"Argentina mining landscape is changing for the better according to the report by BN Americas. Lumina Copper is trading above CAD 6.00, McEwen Mining is breaking out to the upside and TNR Gold has found some bids as well recently."
Los Azules Copper - McEwen Mining And TNR Gold: Yamana Gold to invest $450 million in Argentine mine MUX, TNR.v, LCC.v
"It looks like the shift in Argentina for the better is happening for real this time. Rob McEwen has discussed it in his recent presentation and that in his opinion "we have seen the low in Argentina after a lot of disappointment". Shevron special Shale Oil deal, repayment to Repsol and now Yamana Gold investment are certainly the things we would like to see now after elections. Lumina copper is holding above CAD5.00 these days and McEwen Mining and TNR Gold should benefit from Los Azules copper revised valuation now."
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