Ltrs

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Only  way a major to stay in  biz  is  adding  oz. If I had  a  million across  a  fence? I’d  buy   half  their side the  fence. Oct  08  crash  was  $1k to $800 to rise  to $1900. Last check  was  Ask .03,  close  was  Bid  .0245. Where’s  a  crash? He  expects to beat  the 4  weeks  DD and  has  back ups ,  met  one last  week in NV. One thing  for  sure operating  costs WILL  crash with POG squeezed out  of  work on high cost  projects. Seem a  good  time  to start  on  a  low  coster. Blood in  the  streets?  If  certain no Ebola?  Hip boots and wade  in.   

I never  mind  trying  to answer  a  general shareholder  query but  when it’s , “Oh Gosh, I’m scared for me and  my money?  Get  in  line  BEHIND me. There  first with lots more at  risk and  few  to assure  self. Address  HELP  pure self to HMS GW lout  and buds  who know  all but seems can  all tell any  others zippo. 8

 

“Don…well…re a mexus deal with fresnillo or anyone else, how do you think this latest downdraft in POG might affect prospects for a deal? true that POG could reverse on a dime, but…current technicals suggest lower prices ahead. at what point do you think partner pulls back — or suggests need to adjust terms? i know there are a TON of other variables besides current POG, but if i’m a prospective partner, at some point i might say to myself better to wait to see what market has in store….no?

that said, if Frez is indeed the frontrunner, they have added incentive to do a deal because of location/consolidation synergies, etc. if geological dd suggests their all in cost will be under $600-ish, there’d still be good margin for them even at $1000 pog.
 
also true, though, that as POG declines and increasing junior miners get desperate, more and more interesting potential deals will present themselves….perhaps better/richer than mexus.
 
you who have been through such price cycles before….any cogent thoughts re the above? or are you biting nails as well?….”
 
 

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