At this stage in its life cycle MRZ is severely undervalued... with 1.50 share in cash and cash equivalents and only 43MM shares outstanding.. this thing is a steal. We also have a couple of projects in Argentina worth the same or more (together) than the Jauquin sale. Throw in management's proven ability to monetize past projects and self fund the Chile exploration, and what more could you ask for?

The best use of any excess cash would be to buy back MRZ shares until the stock price rises to a more fair value. If other project sales are imminent and more cash coming in... best to do it now and use the new cash equivalents to go balls to the wall in the field. That's where the value has been created. Save the dividend until we can fund it from cash flow from a producing mine.