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Opinions Rick Rule
McEwen MiningMUX.TOCOMMENTNov 09, 2017
$2.45
Stock price when the opinion was issued
$27.10
As of Jun 19, 2026. Market Open.
precious metals
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COMMENT
There have been some operational mistakes, but the CEO has had the courage to fix them. In turnaround situations like this, you need to exhibit some patience. He will be helped in a couple of years by an increase in the price of copper. The latent value is not so much in the gold exposure, but in the copper.
Rick RuleOwned
precious metals
DON'T BUY
One of the principle founders of Gold Corp. He has real issues with Argentina. Gov’t has announced a lot of restrictions on cash flows. It is difficult to get US dollars out of the country. Probably won’t always be the case. There are better alternatives to gold equities with free cash flow and they are more silver.
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TOP PICK
About 4 million ounces of silver production in Argentina. Cash flow multiple 8-9X that is reasonable for one asset alone, but has a big land package around Andean Resources of which Goldcorp (G-T) just paid $3.6 billion. Will be starting drilling. Also has about 11 billion pounds of copper.
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PAST TOP PICK
(A Top Pick Aug 1/06. Up 22.5%.) Likes this one very much. A very sound situation.
John EmbryOwned
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TOP PICK
Owns 49% of a property that has been put into production in Argentina. That vein seems to be getting larger. This company was cash starved for a long time until uninterested investor took a large position in the stock doubled from then.
John EmbryOwned
precious metals
He would like to see what Rob McEwen does with the treasury. This may be another one where he would like to pay up, i.e., more for better information, rather than buying in anticipation of the information.