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Gold/Mining/Energy : Gold and Silver junrs- portfolio

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From: tyc:>4/3/2008 9:45:41 PM
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tse:chd

I like Chariot, but I must admit to selling some at .96c to buy Terrane

Chariot was first drawn to my attention by purchases by Rio Narcea, now owned by Lundin. It is a proposed vat-leach oxide copper operation in Peru, nearing feasibility. In addition to the oxide there is a significant resource of sulphides that will require milling and concentrating later. Grades of both oxide and sulphides are nothing short of spectacularly high IMHO. Korean smelters have a 30% equity interest in the project.

Recently they raised $20M from an equity underwriting at $1.00 per share. Currently trading at .95c. Can't say I like that when feasibility study is so close. It's expected in 2nd quarter of the year.
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