Golden Grove Mine, page-18

Golden Grove?  Dunno if that'd be a good buy.  Its already been through three companies.  GG is an u/g operation with pretty low copper, gold, and silver grades (for u/g ops, that is).

According to their last resources report (2015) they had 5.1Mt @ 1.83% Cu, 5.87% Zn, 0.83% Pb, 62.5g/t Ag, and 1.79g/t Au.  They were mining those reserves at about 400,000t/yr.  OK, so that means a mine life of circa 10yrs (assuming no more resources are converted to reserves which is unlikely).  But if the mine life is OK, why did the previous owners sell out?  I suspect because its a marginal operation.  That leads to the next question: if its a marginal operation, how does its current owner, MMG, make money?  Probably by scrimping and shortcuts - meaning (speculation alert!) that they have probably sterilised resources, under capitalised, and under maintained.

Better to pay top dollar for a world-grade mine than picking over somebody else's crumbs.  Of course, not being in the know may mean MGX see an opportunity I don't?