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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (3418)	11/27/2013 7:25:47 PM
From: Goose94	Read Replies (1) of 202716

Eric Coffin: Mundoro Capital (MUN-V) The company had originally gone into China and picked up a gold project that it expanded to 8 or 9 Moz with pretty good grades. Unfortunately, one of the state gold miners liked it even more, so Mundoro was shown the door and given $20M on the way out. It has lots of cash. Teo Dechev is the president; her family comes from Eastern Europe and the VP of Exploration is based there. Mundoro picked up concessions there. Mundoro wasn't chasing Reservoir; it just liked the geology. The initial drill program at its Borsko Jezero property didn't come up with a Reservoir-style discovery, but its Savinac property has had some pretty interesting trench assays. TGR: As high as 30 g/t gold and 171 g/t silver over 12m. EC: I'm not assuming every trench is going to look like that, but it's a good start. The other two trenches were pretty decent, too. Mundoro may actually have something there, probably an epithermal system. The company has another project in Bulgaria I'm expecting to see results from it soon and a lot of other ground near Bor that has targets at earlier stages. The story is by no means over. It's trading at only $0.24/share but has about $0.30/share in cash, enough for three years. So there's lots of leverage, if it makes a discovery. TGR: You mentioned in Vancouver other companies with discoveries that are not as "classic" as Reservoir's but still have potential. http://www.theaureport.com/pub/na/on-the-trail-of-juniors-with-blue-sky-potential-eric-coffin

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