latin resources, page-8

TAS
why do you say that? Stay out of Latin
You lack knowledge about this company.


the following is a copy of the article which appeared in today's SydneyMorningHerald BusinessDay page 8

http://www.businessday.com.au/business/seckold-gives-doray-a-helping-hand-20100718-10g1g.html


LATIN RESOURCES

At the height of the mining industry's battle to have the government's super profits tax over-turned, companies of all sorts were threatening to take their exploration and development dollars offshore. One destination that kept popping up was Peru. That got Garimpeiro wondering just what was on offer there apart from the tourist route mix of alpacas, llamas and Machu Picchu.

You learn something new everyday that way. So it was with Peru. Ranked No. 1 in Latin America for ''mining potential'' by the Fraser Institute of Canada last year, Peru has long been the world's top ranked silver producer, the No. 2 copper and zinc producer, No. 4 biggest lead producer, No. 5 in gold and No. 17 in iron. And it is considered to have given up only a small portion of its mineral wealth.

But exposure to the Peruvian mining scene and its exploration upside is not exactly in abundant supply on the Australian Securities Exchange. But that is changing; a $5 million float of a Peruvian specialist, Latin Resources, is under way.

Melbourne Capital is manager for the float. Latin has been active in Peru for nearly two years, with early financial support coming from Tony Sage's Cape Lambert. Part of the proceeds of the float ($2.2 million) will be used to fully repay a convertible note held by Cape Lambert. The rest will go to chasing Latin's advanced (coastal) iron ore projects and its emerging gold projects.

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