GoldCorp Founder McEwan - takes over Minera Andes - MAI.to

Big news - Robert McEwan (founder of Goldcorp fame) has stepped up as the new CEO of junior miner - Minera Andes.

Why do we care? Because for someone of his past records to commit fully to an area like Argentina is a very good thing. In his AGM held in Vancouver for Minera Andes - he even confirms the potential that Argentina is basically the next Nevada.

See Minera Ande's AGM video for free on Youtube, prefaced by Mr. Goldcorp himself about debasing of US Dollars and inflation going out of control - a very convincing argument with anecdotes about the Zimbabwe trillion-dollar bill.

Part one:

http://www.youtube.com/watch?v=rTrhxmf-u50

Part two:

http://www.youtube.com/watch?v=Sy_KwFKrw4E

Part three:

http://www.youtube.com/watch?v=CpqlDPjRwSw

In case you are not aware of Nevada's history of gold, here's a synopsis:

Gold mining in Nevada, a state of the United States, is a major industry, and one of the largest sources of gold in the world. Nevada currently produces 82% of all the gold mined in the United States.^[1] Almost all the gold in Nevada comes from large open pit mining and cyanide heap leaching recovery. A number of major mining companies, such as Newmont Mining, operate gold mines in the state. Active gold mines include those at Jerritt canyon.

Although Nevada was known much more for silver in the 1800s, many of the early silver-mining districts also produced considerable quantities of gold. The Comstock Lode, for instance, produced 8.6 million troy ounces (267 tonnes) of gold through 1959, and the Eureka district produced 1.2 million troy ounces (37.3 tonnes).

Two flagship properties Minera Andes is touting now:

1) San Jose - producing mine with difficult partner Hochschild - described once again as "partners from hell" and last choice partners by the experienced mining CEO.

2) Los Azules - sound familiar?

Minera Andes hold 49% and mining giant Xstrata Copper holds 51% Back-in option provided they pay 3X of MAI's expenditure so far. It looks like they will do it - paying $39 million for nearly $700 million asset value (11 billion lbs of copper) seems like a surefire way to make money!

What's never mentioned is the legal disclosure : tiny mining junior TNR holds a significant stake to Los Azules's future. Read Minera Ande's PR Statement at their news releases!

Certain of the MIM properties are subject to an underlying option agreement, which is the subject of a dispute between Xstrata Copper, as option holder, and Solitario Argentina S.A., as the grantor of that option and the holder of a back-in right of up to 25 per cent, exercisable upon the satisfaction of certain conditions, within 36 months after the exercise of the option by Xstrata Copper. The dispute surrounds the validity of a 36-month restriction on a back-in right held by Solitario.

The back-in right is huge and will send the TSX microcap onto the radar screens of many once if its confirmed.

Not to mention the new International Lithium & Rare Earth Metals spinoff. The value is greater than ever!! With so many bullets in the barrel TNR looks to be a solid investment choice whether you're long on base metal, precious metals, or REE and new technology (green!)