Dolores Mine - Sierra Madre

A New Mid-Tier Gold & Silver Producer - Mexico

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Message: Re: What is the Likelihood that Minefinders Will Buy Kimber?

I have a bad feeling that MFN will get taken out by someone before we can buy someone like Kimber.

I think that companies like First Majestic (or perhaps if not them, Endeavour or Great Panther) are more likely to pursue MFN. They are several years ahead of MFN in ramping up production and have strong cash flows. A few more good quarters, and they may be able to do so.

Pan Am is probably even more likely, since they have more mines and more cash flow. They could easily outbid First Majestic. We could just as easily call MFN a silver producer with lots of gold credits as a gold producer with silver credits.

Po-TAY-toe, Po-TAH-toe.


Aug 01, 2008 01:16PM

Aug 01, 2008 01:17PM
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