Hopefully something is happening for good in Argentina now in the mining sector. Rob McEwen was talking about some positive developments over there in his latest conference call and it will be the catalyst for McEwen Mining and TNR Gold to realise the value of Los Azules copper project.
New PEA on Los Azules Copper was promised by McEwen Mining to be ready in September and it will allow the investors to properly evaluate this "One Of The Largest Copper Deposits In The World."
"We do not believe that this news was the reason behind The Double Volume spike in McEwen Mining on Thursday. We will continue to monitor the situation on who and why was covering short position or maybe even taking the new long position in this company."
"McEwen Mining is strongly Up today - more than 11% on 7 mil shares. With Gold and Silver markets down after recent breakout we can anticipate some news from the company. Rob McEwen was taking about upcoming Los Azules Copper PEA in September and M&A ideas to combine with another Gold Mining company to reach his goal of being included in S&P 500.
"TNR Gold provides even more risky and leveraged special situation play and now depends on Rob McEwen's Midas Touch - company holds 1 million shares of McEwen Mining and have back-in right into the part of Los Azules project. Insiders are accumulating the company shares, holding the majority stake in the company and provided long term debt which has financed Shotgun Gold project 43-101 resource estimate in Alaska this year."
Rob McEwen Shares his Views on Market Conditions and Future of McEwen Gold Mining Projects in Mexico, Argentina and Nevada MUX, TNR.v
"His observations about the changing trend in the commodities are extremely important - he is widely followed by the institutional investment community and they can start to reallocate their assets accordingly. The help to the commodities markets came from the places least expected: China reviving growth and Europe coming out of recession.
This move will be highly beneficial for our darlings: McEwen Mining and TNR Gold with world class Los Azules copper deposit unlocking its value."
Canadian Mining Journal: