buy it while its still unloved, page-4

Yep, when last I heard, we were expecting a result on the tendering process for Michiquillay by the end of this month.

Just to remind people, LAT is leading a consortium to bid for the Michiquillay copper project in the Cajamarca department in Northern Peru.

The project, which is owned by the Peru government-controlled Minero Peru, is a porphyry copper deposit that according to Pro-Inversion, contains “reserves” of 544 Mt grading 0.69% copper, 0.1-0.5 gpt gold and 2-4 gpt silver using a 0.4% cut-off.

Our team's consortium, which includes leading Peruvian mining identity Augusto Baertl and an ASX listed mid tier company (which, for commercial sensitive reasons does not wish to be named, but has a market capitalization of greater than A$700 million AND Latin American experience!), stands a better chance of winning than most.

Through Baertl, LAT's contacts with the local community are very strong, which should count in our favour.