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  • McEwen Mining's Silver Lining [View article]
    JW,

    It is important that all investors have all available facts to consider before applying valuations to the particular stock or the company.

    Los Azules is very important part of McEwen Mining, which can provide instant boost to the company in case if litigation is resolved.

    How will it be resolved we do not know. Nobody of our team is with legal background and we provide only known to us public information for investors' consideration and DD.

    We can see a few scenarios - you can add and consider as many as you like as well.

    1. TNR Gold will lose on all litigation claims. Company's market cap is 10 mln - nothing is priced from Los Azules in it, in our opinion. TNR is claiming to RETURN its former Los Azules properties back. McEwen Mining is claiming that it owns 100% of Los Azules.
    2. TNR Gold wins its main claim and up to 2/3 of the deposit value will be transferred to TNR. McEwen Mining is losing this part of the deposit.
    3. TNR Gold wins on 25% back in right: either by rectification of the agreement or by waiving feasibility study. It will pay double the exploration cost for 12.5% of the Los Azules (could be up to 15% of value as high grade core is located on former TNR property - Northern Half of the deposit).
    3. TNR Gold wins to confirm its ownership to Escorpio IV.

    Every litigation has a legal risk and all involved parties should decide about the probabilities of the outcomes.

    TNR has proposed to settle for 125 mln just before McEwen Mining merger, now this offer is off the table.

    McEwen Mining can run the risk of potential negative outcome and losing of up to 2/3 of the deposit or it can try to settle with TNR Gold.

    Xstrata is the wild card here: they have passed on option for 51% of Los Azules in 2009 for 3 times exploration cost payment and now they are part of the litigation without any potential upside.

    They can come back and buy out Los Azules from McEwen Mining and clear the mess. They will have to make a settlement with TNR to make it.

    Third party can come and buy out Los Azules. They will have tomake a settlement with TNR to make it.

    TNR Gold could be an M&A target in order to get control of Los Azules by McEwen Mining, Xstrata or any other third party. TNR is very tightly controlled, Nova Gold and Barrick Gold among shareholders with Canada Zinc Metals, backed by Chinese Tongling, plus funds. There is a price for everything in business, we guess.

    http://bit.ly/yusMeu#
    What will happen we do not know, but do not miss the main claim and all circumstances, read the documents for yourself: 25% back in right is only part of the litigation now. TNR claims that all former TNR properties - Northern Half of the Los Azules - to be returned back.

    "Found more for all interested, it is quite a read, like a movie script:

    Allen Ambrose emails:

    24. "Next we should look at our alternatives to take out the Solitario (TNR Gold - S) agreement..."

    TNR Gold vs Minera Andes (McEwen Mining now) and MIM (Xstrata now).
    From Page 11

    Part 3: Legal Basis

    http://bit.ly/xhdqag

    Very interesting:

    Oral Reasons for Judgment - just check out the estimation of claim value by Judge:

    http://bit.ly/szDi35

    Regards,
    Feb 12 11:59 AM | 1 Like Like |Link to Comment
  • McEwen Mining Next In Line For The Billion Dollar Mining Club [View article]
    MDGTO,

    We have understood from MAI maps that high grade core is on former TNR Gold properties - in case of legal victory on the main TNR Gold claim McEwen Mining can potentially lose Northern Half of the deposit, which can represent up to 2/3 of the insitu metal.

    http://bit.ly/yusMeu#

    Without litigation discount RBC and Raymond James has put valuations based on comparable transactions at 4 cents per lb of copper in the ground.

    Los Azules has 12.5 billion lb of Cu plus some Gold and Silver - value based on 4 cents will be 500 mln.

    More on valuations:

    http://bit.ly/waYCU2#

    Nothing is misleading with insiders buying - TNR insiders were buying 2.5 mln plus last fall and before all 2011 they were buying as well.

    This story is still under the radar screen now - majority of McEwen Mining shareholders does not even know about the litigation.

    Stakes will be getting higher, drills are on Los Azules - deposit will grow further now and Copper is rising back to 4 dollars again.

    Litigation has started from 25% back in right and TNR proposed to pay 5 mlin for 12.5% of the Los Azules to back in April 2010. It was rejected, now 2/3 of the deposit is at stake.

    TNR has announced proposal for settlement, but now it is off the table:

    TNR Gold Offers To Settle Los Azules Litigation With Minera Andes For Us$125 Million

    http://bit.ly/waYCU2#

    Market cap of TNR at this moment is 10 mln.

    Everybody should read original documents filed in court and make their own DD and conclusions here.
    Feb 11 02:47 PM | 1 Like Like |Link to Comment
  • McEwen Mining's Silver Lining [View article]
    James,

    Found more for all interested, it is quite a read, like a movie script:

    Allen Ambrose emails:

    24. "Next we should look at our alternatives to take out the Solitario (TNR Gold - S) agreement..."

    TNR Gold vs Minera Andes (McEwen Mining now) and MIM (Xstrata now).
    From Page 11

    Part 3: Legal Basis

    http://bit.ly/xhdqag

    Very interesting:

    Oral Reasons for Judgment - just check out the estimation of claim value by Judge:

    http://bit.ly/szDi35

    Regards,
    Feb 10 07:41 PM | 1 Like Like |Link to Comment
  • McEwen Mining's Silver Lining [View article]
    James,

    It will be great!

    We have covered this story for years, but nobody in our team is with the law background.

    You can find deposit maps, Los Azules presentations from Minera Andes and links to TNR Gold website where they have provided all latest BC court documents here:

    http://bit.ly/yusMeu

    McEwen mining is very modest with any information on litigation, but you can try your luck there!

    Another interesting information has transpired lately.

    Alan Ambrose former CEO of Minera Andes has sold recently 300,000 shares of McEwen Mining. Before he was selling almost all his stake in Minera Andes.

    He was the key person in all period covering litigation of relationship with TNR Gold and some of his emails with Xstrata are exposed by TNR Gold in latest Claim filing, when Judge has allowed the new claim for Northern Half of the Los Azules deposit to be returned back to TNR.

    It could be nothing it could be everything.

    In any case he is taking his chips off the table, when TNR Gold insiders are buying millions of shares from last fall.

    Rob's problem, as we see it is that it was Alan who was running Minera Andes and get into all that mess with Los Azules and TNR Gold, Rob came only in 2007 into the picture.

    IR at TNR Gold told us that the company is now in discovery stagy in preparation to the trial, when more documents and witnesses will be presented.

    We guess Alan Ambrose will be one of them.

    Question is quite simple now: whether Rob can afford to ride blindfolded into the risk of losing up to 2/3 of Los Azules, when his key man in charge at that time sold off his stake and he is suppose to be the line in litigation defense as we imagine?

    Your take on all this will be appreciated.

    Regards,
    Feb 10 08:23 AM | 1 Like Like |Link to Comment
  • McEwen Mining's Silver Lining [View article]
    Very good take on McEwen Mining, James.

    JW has mentioned Los Azules and here where the trouble or catalyst will come for the newly listed company with Rob's name.

    So far you can not find a lot of information about the litigation on McEwen Mining website. Trial is coming up in November and has made quite a few headlines already.

    Pending merger between Xstrata and Glencore is another wild card in this game. Los Azules will be sold to majors, but the title should cleared first from litigation. The risk now is to lose 2/3 of the Los Azules deposit.

    McEwen Mining has the great potential and its future depends on wise decisions now. One of the potential Catalyst is Los Azules litigation. What choice Rob McEwen will make now?

    To make the full picture we will share some additional information:

    "In order to have one of the "largest litigation cases in the history of BC Supreme Court" you need one of the largest Copper deposits in the world, very big ambitions and bunch of emails describing the way of thinking how to get it all and "take out of the game" the junior partner. Now US Gold shareholders will join the litigation lawyers' party after the merger with Minera Andes. We continue to monitor the situation and implications for the newly listed in the US McEwen Mining.

    After the completed take over of Minera Andes by US Gold, McEwen Mining will become the party of litigation. Damage control at the expense of Minera Andes shareholders will give some room now to McEwen Mining - combined company can better withstand the litigation risk of potential lost of up to 2/3 of Los Azules deposit, which high grade core is located on former TNR Gold properties, according to the published by Minera Andes maps. TNR Gold's offer for the settlement is off the table now and the key to ongoing litigation will be further discoveries and called witnesses in preparation to the trial. Things will be getting very interesting now. One of the questions to discover is why Xstrata has decided not to exercise its own option for 51% of Los Azules with Minera Andes?

    "We must admit, that all this time we were at lost why has Xstrata decided not to exercise its own option with Minera Andes for 51% of all Los Azules in October 2009? Why has the Copper company like Xstrata decided just to walk away from such a deposit like Los Azules, when copper market was turning up with the recovering economy? Does Rob McEwen really think that he outsmarted Xstrata for the free gift here? Now we have some indications that, maybe, TNR Gold litigation team has found the real reasons behind Xstrata's move out of the project."

    We have an interesting take from Joel Chury at VantageWire.com on Los Azules litigation. The story is making its way into the mainstream media now, we have been covering it here for years and hope that this year will bring the resolution to this case, which is simply too big to miss now."


    http://bit.ly/yusMeu#
    Feb 10 07:43 AM | 1 Like Like |Link to Comment
  • McEwen Mining's Next Stop Is The S&P 500 [View article]
    We can add you another twist to consider: Glencore and Xstrata talks now can lead to potential creation of mega predator in mining M&A sector.

    Los Azules is too big to be ignored by them and Xstrata knows first hand about its potential of 2.8 billion NPV at Copper 3.0 usd/lb. Xstrata is involved in litigation with McEwen Mining and TNR Gold now.

    Can Rob make a magic stroke and sell Los Azules to them? He will need to settle with TNR Gold before the trial in this case - in order not to run the risk of losing up to 2/3 of the deposit, but it will be a great boost to McEwen's Treasury to develop its core Gold and Silver assets. TNR Gold will become a very interesting play on its own in this case. This small junior holds the key to development of this "Big Copper" as McEwen has presented in the latest presentation:

    http://bit.ly/yusMeu#
    Feb 3 12:29 PM | 1 Like Like |Link to Comment
  • Apple Takes the Lead: Laptops, iPads And iPhones Without Lithium? [View article]
    Great article Juan,

    I would not worry for the future of Lithium thou.

    Fuel cells were very promising for the cars as well...and still are. World moves toward mobility and Lithium technology is the industry standard now, way from the labs will take years, billions are invested in the new lithium batteries production facilities world wide.

    Majority of lithium production comes from stable Chile, Argentina and Australia now.

    Japanese and Chinese companies are securing the stratigic supply of Lithium and taking stakes in lithium miners and developers.

    Mike Sieb, President of International Lithium Corp. “Lithium Exploration in Renowned ‘Lithium Belt’ of South America” Video Interview at Hard Assets SF

    http://bit.ly/tRVSJB#
    Jan 2 06:36 AM | 1 Like Like |Link to Comment
  • Electric Vehicle, Lithium-Ion Battery Investing For Imbeciles [View article]
    Hi JRP3,

    It is John, who tries to dismiss the electric cars future on the basis of lack of resources. We are investing in Electric Cars and their supply chain Lithium, Rare Earths, Copper. We would be very interested to receive the opposite point of view based on facts.

    Our position (we are not royal, but we are not alone) is that there is enough of all metals to start the transition to Electric cars.

    Prices will rise, but additional supply will come online. We are in the long term bull markets for all metals, but it is different to the lack of supply which will make this transition to Electric Cars impossible.

    We were trying to engage John in conversation with particular metals to be discussed, so far we have found out with him that:

    Lithium is not a problem according to John.
    REE is not a problem according to John.
    Copper is not a problem - our position - we can make you a list of Canadian Juniors with deposits which will be online with Copper over $4 per lb again.

    All other metals are used for ICE cars as well as for Electric Cars - where is the problem? IEA announce projection of 1.7 bln cars from 700 mln by 2035 - nobody is concerned that we will not have enough metals there?
    IEA: World Energy Outlook 2011: Crude could reach $150 and warns of Irreversible Climate Change in Five Years http://bit.ly/uOyU7d#
    We can just switch from ICE cars to Electric ones.

    Copper deposits CIBC report:

    http://bit.ly/uVvGa1#
    Nov 14 08:13 AM | 1 Like Like |Link to Comment
  • Invest In Lithium Before The Battery Rush [View article]
    Great call on Rodinia Retirefund!

    Now we have news from IEA slowly moving into the oil market...

    IEA: World Energy Outlook 2011: Crude could reach $150 and warns of Irreversible Climate Change in Five Years

    We are just coming out of the "Europe's End of The World" scenario, all world economies are on the edge of recession, but Oil is moving closer to $100 again. We have a very sobering reminder from IEA about the real issues behind all recent events in the financial markets. There is NOT enough Oil for everybody left, Peak Oil is all about the price and transportation is driving this demand with half of the global oil demand coming from China only. By 2015 more cars will be manufactured outside of OECD. Oil prices can go up to $150 by 2015 in the real terms and $176 in the nominal terms. It will be the major risk for the global economy. Time is to check your Lithium portfolio.

    http://bit.ly/uOyU7d#
    Nov 14 07:40 AM | 1 Like Like |Link to Comment
  • Silver: Strong Outlook But Battling Resistance This Week [View article]
    Very good article, Eric!

    We have another very powerful trend in place - China and Solar power. While in US we are preoccupied with SolyndraGate, China is converting Solar panels into commodity. We are very close to the tipping point, when Solar generation will be comparable to fossil fuels. Silver is at the heart of this Energy transition as well.

    Jim Puplava: Stephen Leeb: Red Alert - Peak Of Everything: Lithium, Rare Earths, Copper, Gold and Silver
    Now, we guess, that there is no any doubts that all the world will print, print and print FIAT money in order to keep insolvent system running. UK will be tested first, as usual, and is already in the next QE program, US and Europe to follow. By the way price of Gas in UK is already above 8 dollars per gallon. We almost stopped to write about Gold - nothing further to prove, time is for the Energy Transition. Lithium - Electric Cars and Hybrids. Rare Earths - Mobiles, Wind, Solar and Electric Cars with Hybrids. Silver - Solar, Mobiles and Store of value. Copper - Electric Cars and Hybrids, Charging Infrastructure, Energy Distribution. Zinc - Electric cars and Hybrids, Charging infrastructure, Energy Distribution.
    China is on the shopping spree with its 3.2 trillion reserves now.

    http://bit.ly/tidd94#
    Nov 13 06:05 AM | 1 Like Like |Link to Comment
  • Electric Vehicle, Lithium-Ion Battery Investing For Imbeciles [View article]
    IEA: World Energy Outlook 2011: Crude could reach $150 and warns of Irreversible Climate Change in Five Years

    We are just coming out of the "Europe's End of The World" scenario, all world economies are on the edge of recession, but Oil is moving closer to $100 again. We have a very sobering reminder from IEA about the real issues behind all recent events in the financial markets. There is NOT enough Oil for everybody left, Peak Oil is all about the price and transportation is driving this demand with half of the global oil demand coming from China only. By 2015 more cars will be manufactured outside of OECD. Oil prices can go up to $150 by 2015 in the real terms and $176 in the nominal terms. It will be the major risk for the global economy. Time is to check your Lithium portfolio.

    http://bit.ly/uOyU7d#
    Nov 12 09:42 AM | 1 Like Like |Link to Comment
  • Electric Vehicle, Lithium-Ion Battery Investing For Imbeciles [View article]
    John,

    You are the best news for the copper junior mining industry - you should really come to Canada one day. Bring the copper price to over 4 dollars per lb again and you will get all the copper needed.

    There is no shortage of copper in the world, price will go up and new projects will come online. You are trying to present the strong bull market in metals and rising prices in the future as the physical limit to make electric cars - it is simply not true.

    We do not need to switch from oil to coal by the way, it will be a switch from oil to gas, solar and wind.

    Today people are buying cars - they will be buying tomorrow electric cars instead. There is no zero sum game here. 80 million cars are sold every year now with all other washing machines etc.

    There are no restrictive shortage of any metals involved in building of electric cars - with the right price production will be there.

    Just check some projects developed by Canadian mining companies Minera Andes/TNR Gold, NGeX Resources, Copper Fox, Baja Mining, Conerstone Resources they will go to the moon with Copper over 4 dollars per lb and your "shortage".


    http://bit.ly/trS8xm#
    Nov 6 06:27 PM | 1 Like Like |Link to Comment
  • It's Time To Kill The Electric Car, Drive A Stake Through Its Heart And Burn The Corpse [View article]
    The fall in the price of Lithium batteries is one of the most important conditions for the Electric Cars mass market roll out. We have more research confirming that Lithium has became the core Energy Storage technology and Plug-Ins will be the driving force in this market.

    Report:

    Lithium market: Strong Growth to Drive Lithium-ion Battery Market to $54 Billion by 2020

    sufiy.blogspot.com/201...#
    Aug 31 06:41 PM | 1 Like Like |Link to Comment
  • Talk Of Killing The Electric Car Is Irrational, Wishful Thinking [View article]
    The fall in the price of Lithium batteries is one of the most important conditions for the Electric Cars mass market roll out. We have more research confirming that Lithium has became the core Energy Storage technology and Plug-Ins will be the driving force in this market.

    Lithium market: Strong Growth to Drive Lithium-ion Battery Market to $54 Billion by 2020

    Report:

    sufiy.blogspot.com/201...#
    Aug 31 06:33 PM | 1 Like Like |Link to Comment
  • Today in Commodities: Bear vs. Bull [View article]
    Sugar for the soft drinks industry is the same as Lithium for the advanced batteries, everybody needs it...we do not know yet who will win technological competition - become new "Coca-Cola" in batteries space - so we are investing in Lithium at this stage. If you can chose the right start up now - you will make the fortune, but how to find it? Sony, Panasonic and other big guys will make its way into batteries for EVs, but for their size they will not move explosively on it. Lithium is the bottleneck and right portfolio can provide this opportunity to invest in Energy Transition to EVs.

    Regards,
    Jul 18 03:50 PM | 1 Like Like |Link to Comment
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