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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (47937)	8/23/2007 10:35:04 AM
From: tyc:>	Read Replies (1) \| Respond to of 78422

>>MR, what is your take on that company tyc? It has been one of my favourites for a long time. However, it seems to be under a cloud right now. They fired their mining contractor at their Mexican mine, (Cerro San Pedro?), and, of course he's suing for damages ($11M?), which will be arbitrated early next year. They also have ~$26M in "Cash", and there is no indication from the company how secure it is . These negatives, to my mind, explain the weakness of the stock. However, they do not outweigh the positives of the EL Morro copper/gold project (30% carried) which includes La Fortuna. I see this as the equal of that NovaGold property in BC that Teck has JV'd. With Xstrata as the major and their plans of extensive development in Chile, the current low price is an opportunity IMHO. Here's some sample assays from a March NR; Highlights of the program include: - DDHF-139 intercepted 780 meters averaging 0.84% copper and 1.24 g/t gold from 20 to 800 meters - DDHF-140 intercepted 774 meters averaging 0.65% copper and 0.51 g/t gold from 56 to 830 meters - DDHF-141 intercepted 820 meters averaging 0.59% copper and 0.73 g/t gold from 30 to 850 meters - DDHF-142 intercepted 690 meters averaging 0.82% copper and 0.69 g/t gold from 124 to 814 meters - DDHF-143 intercepted 542 meters averaging 0.70% copper and 0.91 g/t gold from 218 to 760 meters - DDHF-144 intercepted 758 meters averaging 0.93% copper and 0.99 g/t gold from 102 to 860 meters If the stock were to double in the next year (2X) to $7.80, the warrants would have an intrinsic value of $4.70 which is more than 4x their current price of $1.16. That's good leverage, particularly with the feasibility study coming up. (BWDIK ? Nothing !)