i really enjoyed that interview. for one thing, it shows that this won't be another aurelian. it's good to have management on your side.

for those who haven't seen it, dan macinnes described the offer as a takeunder, a lowball offer, a stink bid, an insult, grand larceny, and a sin. he said he was both mystified and frustrated at fresnillo's action. he feels they have the best silver property in the world, it's getting better every day, and it is way too early to sell it. he reiterated that the company has $55 million in the treasury, enough for 2-3 years, and they can raise capital if they need it.

he also said the market action in the past few days recognizes that the stock is undervalued. the new encino vein adds value, and they have three drills turning on the 100%-owned cinco de mayo property. he also mentioned that some shareholders told him the only way fresnillo would get their shares was from their cold, dead hands.

of course, that's the same thing i said about my aurelian shares, and now i own kinross. but then dan macinnes is no patrick anderson.