that's kinda typical of otto: anyone who doesn't agree with him is characterized as a dumbass. he expects fresnillo to wait out mag while it burns its cash and withers on the vine? mag recently had $55 million in cash, and is strong enough to tap the credit markets if it needs to, which it doesn't, at least for another three years. if fresnillo goes that route, it has a long wait ahead of it. a lot can happen in three years, like the silver price recovering, finding more huge deposits, and then mag costing fresnillo a multiple of what it is selling for now. otto doesn't own any mag, so it looks like he missed out on it, and can't admit it.

thanks but no thanks, fresnillo.