"The Decade of EPIC Begins"
From what I've been reading, if Ollanta Humala wins the Presidential election in June, mining will take a big hit.
30MM oz potential target.Sweet.
Not likely. Look what happened to the PM of Australia when he tried to hike tax rates...What are you reading exactly?At this point, I'm glad I didn't take anything off the table last week.
now that the cat is out of the bag, the MM's will try to hammer this into their bids and buy cheaper...I have bids in everywhere...
Tinka is min 3 to 4 years out from production at the very, very best. Avino is a better story. 40 mil of infrastructure and a 1250 t/d mill already in place. Better values are out there than Tinka IMO at this price. Can you make money here sure but it's not the next AG. FYI, isn't his the same management that was chasing gold rainbows down in Australia and dropped the ball on the permits until just recently. Not a good track record but hey things can change and maybe things will work out.
Silver over $41, bitchez! Mwahaha!
tuscany, if you have been reading here, which you have not been, please do not pump your juniors on my blog. Tinka will be sold by then. Carter is NOT a miner, he finds the CHIMU and sells!
I don't own Avino, just an example. I respect your work and appreciate you. Silver buyouts are very rare as there are almost no majors in the silver space unlike gold but you know this. In two years it may be a different story but that would make Tinka a buy and hold long term investment. If were equating oz reserves to value then Silvermex with 100 mil OZ is the better value per your calculations. No I don't own it either. Honestly I hope your right as I want everyone to be a happy just pointing out the yin/yang of things.
LIMA (Dow Jones)--Peru's main stock-market indexes ended higher Friday as increases in copper and gold prices managed to offset investor nerves ahead of Sunday's presidential election.The Lima Stock Exchange's broad General Index was up 0.51% to close at 21255.83. The Selective blue-chip index rose 1.05% to 29210.67, while the key mining subindex increased 0.56%.Precious-metals miner Compania de Minas Buenaventura SAA (BVN, BUENAVC1.Vl) gained 1.77% to close at $43.12, in line with higher gold prices.Copper miners rose slightly, matching a red-metal rally, with Sociedad Miner a Cerro Verde SAA (CVERDEC1.VL) up 0.07% to close at $43.02, while Southern Copper Corp. (SCCO) rose 0.51% to close at $39.45.Also gaining was Peru's leading heavy-vehicle distributor, Ferreyros (FERREYC1), up 2.01% to close at 3.56 soles (.90), while, in the financial sector, holding company Credicorp Ltd. (BAP) gained 0.17% to close at $103.90. It owns Banco de Credito, Peru's largest bank.Meanwhile, according to the Central Reserve Bank of Peru, the sol ended slightly stronger at PEN2.799 to the dollar, compared to PEN2.803 in the pervious session.Over the last 12 months, the sol has appreciated by 1.34% against the U.S. currency. ANY QUESTIONS? LOL
BBC...10 April 2011 Last updated at 21:35 ETPeru election: Partial results point to run-off voteOllanta Humala casting his vote on 10 April 2011 Ollanta Humala has been likened to Venezuela's left-wing President Hugo ChavezContinue reading the main storyRelated Stories * Peru election: Who are the main candidates? * Colourful candidates fight to win * Peru sees rise of personal politicsEarly results in Peru's presidential election give left-wing former army officer Ollanta Humala the lead, but without the 50% of votes needed to avoid a second round.With 18% of votes counted Mr Humala has 26.5%, with former Prime Minister Pedro Pablo Kuczynski on 24.6%.Keiko Fujimori, daughter of disgraced ex-leader Alberto Fujimori, has 21%.SNIPThe prospect of a run-off between Mr Humala and Ms Fujimori has worried some Peruvians, including the Nobel Prize-winning author Mario Vargas Llosa, who has said it would be like "choosing between Aids and cancer".