MUX mining has a massive copper deposit with production 2 - 3 years away (depending on copper price). Given the costs to develop such a mine they are awaiting a joint venture partner. They are performing a lot of solid development work in the meantime. When copper prices head north the big miners will come-a-runnin to partner up in no time. This is not some penny explorer that have no idea.
Indicated resources pounds:
copper 10 Billion
gold 1.7M
silver 55M
At $3 lb copper:
3.6 year payback
36 years Life of Mine (LOM)
415 million lb average annual copper production for first 10 years.
https://www.mcewenmining.com
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