McEwen Capital Check List

Building Shareholder Value from Iron Ore

Exploring Base Metal and Iron Properties in Western Labrador, Central Newfoundland and Northeastern Quebec: Featuring over 5.0 Bt of Iron Ore Resources in the Fermont Property Claim Blocks

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McEwen Capital Check List

posted on Nov 23, 2010 02:40AM

1) The lack of posting, 2) the story about to unfold with Champion, 3) the surprise of being the in the middle of so many majors that Smith and Larsen found themselves in.

These things made me think that there is a huge story still to be told about Champion. This makes me consider McEwen Capital Check List.

Rob McEwen said to look for these when investing:

-Near Major Discovery/Mine

-North/South America Focus (certain regions)

-Stories that can be Transformed

-Management: Big Ownerships Preferred

I'm unsure of how much Management owns and how much are institutions. Anyone?

This is the check list that Rob McEwen says to avoid.

-Insider Selling

-Large Salaries & Bonuses

-High Premium Takeovers

-Overly Dilutive Financing

http://www.mcewencapital.com/presentation/mcewen_index_20091121_sf_v2.pdf

first part of check list isn't onsite.

Side info:

The Fermont Property currently has over 1 billion tonnes of estimated iron ore

resources (combined NI 43-101 and historical non-NI 43-101 resources).

There are 603 million tonnes of Inferred Resources grading 29% Total Iron (“Fe”) (NI 43-101) on two of the 16 Fermont claim blocks ("Bellechasse” and “Fire Lake North" claim blocks).

The Fire Lake North claim block is adjacent to the north of ArcelorMittal's operational "Fire Lake Mine". Hosted within 6 of the other 14 Fermont claim blocks is an additional 578 million tonnes of historical Mineral Resources (non-NI 43-101 compliant) grading 30.4% Fe with significant large tonnage potential.