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

To: bluegold who wrote (58123)4/3/2008 9:34:20 AM
From: tyc:>  Respond to of 78419
 
You asked me to comment on Zaruma. It trades in Toronto ZMR.to. I took a quick look at it. Apparently most of the trading is in Europe.

It looks as if the Mexican copper operation will be a small heap-leach oxide copper operation; quite profitable from the FS with an IRR of ~60%, but small with a NPV of only about $5M (discounted). Seems to be lots of shares, over 100M. I didn't read further, so really I'm not entitled to express any opinion. Do let us know if i have missed the point of it. Here's the chart:




To: bluegold who wrote (58123)4/3/2008 10:26:22 AM
From: roofgoat1  Respond to of 78419
 
Bluegold, I think you summarized well the main reasons that ZMR looks like it will have a bright future.

Unfortunately, the Jr Mine Sector is treated like the plague now. If copper hit $5 tomorrow, and the next day Gold went to $1,500, I'm sure the basket of Juniors I follow daily would all stay stagnant or sell off. It is fascinating in a sick way.


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