More matter with less art

Remind me again why you think McEwen Mining $MUX is worth U$950m, mister market

Another crappy quarter for McEwen Mining (MUX) (MUX.to), even backing out the pre-announced write down.
  • Revenues U$11.637m
  • Total costs (ex-write down): U$20.613m
  • The rest of the math, all yours kind reader.

Anyway, go see the whole MUX 2q14 filings here.

It’s also true that the same guffaws can be guffawed about Great Panther Silver (GPR.to) (GPL) and its 2q14 numbers, but that assemblage of mediocrity is only given a market cap of $200m or so.

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