SomaBull
Value, tech, gold & precious metals, gold

McEwen Mining Has A High Price But So-So Assets

McEwen Mining(NYSE:MUX) is trying to grow into a mid-tier gold producer. Many investors buy the company just because of the CEO, Rob McEwen. While Mr. McEwen was successful turning Goldcorp from nothing into a substantial something, the route he is taking is different with McEwen Mining, and I don't think that is a good thing. Not only that, but the assets that McEwen Mining owns don't match up to its market cap.

Rob McEwen Puts His Name On It

If your not familiar with the story of Rob McEwen, it's a pretty interesting one. He took over Goldcorp in 1989, even though he had no prior background or experience in mining gold. Goldcorp's Red Lake mine in Canada...

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